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Cycle Trading

The 6/18/15 Morning Report

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The dollar’s daily cycle peaked on day 8, formed a swing high, and then declined. It printed its lowest point yesterday, day 23. This morning the dollar broke lower.

$$$ daily

Thursday is day 24 for the dollar’s daily cycle. The peak on day 8 locks in a left translated nature to this daily cycle. Left translated cycle formations are prone to fail. So let’s look at this from the weekly chart.

2 $$$

The dollar printed a 30 week intermediate low in May. This new weekly cycle peaked on week 2 and has begun to roll over. A break below 96.16 forms a failed weekly cycle. And with this week being week 5, that would leave about 11 to 15 weeks before the next intermediate dollar low is due.

9 responses to “The 6/18/15 Morning Report”

  1. Yogigyani Avatar
    Yogigyani

    How about stocks? New cycle?

    Reply
    1. likesmoneystudies Avatar
      likesmoneystudies

      Still waiting for a declining trend line break as we discussed here.

      Reply
  2. G B Moyer Avatar
    G B Moyer

    Looking like a GDX breakout!

    Reply
    1. likesmoneystudies Avatar
      likesmoneystudies

      It does.
      I discussed this in my Mid-Week Report to subscribers last night.
      LM

      Reply
      1. G B Moyer Avatar
        G B Moyer

        Of which I am one!

      2. likesmoneystudies Avatar
        likesmoneystudies

        :0)

  3. Geurt Hoekman Avatar
    Geurt Hoekman

    Hi…..
    You wrote: “A break below 96.13 forms a failed weekly cycle”.
    Do you mean 93.16 below in stead 96.13 ?

    Reply
    1. likesmoneystudies Avatar
      likesmoneystudies

      93.16 is correct, thanks

      LM

      Reply
  4. The 6/19/15 Morning Report | Cycle Trading

    […] Thursday’s Morning Report we took a look at the dollar’s daily cycle decline and how it is threatening to form a failed […]

    Reply

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