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Cycle Trading

Narrow Range Day for the Dollar

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The dollar broke out to a new high on Monday before reversing lower to to print a narrow range day.

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Monday was day 21 for the dollar’s daily cycle. That places the dollar solidly in its timing band to seek out a daily cycle low. The narrow range day has eased the parameters for forming a daily swing high. A break below 97.25 will form a daily swing high. Then a break below the daily cycle trend line will confirm the daily cycle decline.

4 responses to “Narrow Range Day for the Dollar”

  1. Kenny Cheung Avatar
    Kenny Cheung

    I checked and I checked, gold didn’t print a lower low today that you said on today’s comment. Thursday, July 21 low was 1310.80, and today, July 25 low was 1312.50. So I don’t know where you get that lower low from.

    Reply
    1. likesmoneystudies Avatar
      likesmoneystudies

      Kenny,

      you are correct. 7/21 remains as the this daily cycle’s lowest point.

      Reply
  2. Bill Howe Avatar
    Bill Howe

    Cycle Wise for Gold? Are we on the 1st, 2nd, or about to start the 3rd DC?

    Reply
    1. likesmoneystudies Avatar
      likesmoneystudies

      First daily cycle about to begin the second daily cycle.

      Reply

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