Cycle Trading

The Dollar

The dollar printed its lowest point on Monday, following the peak on day 19. Wednesday’s close above the declining 10 day MA signaled a new daily cycle.

While the previous daily cycle peaked on day 19 for a right translated cycle formation, it printed a lower high. And Monday’s break below the previous DCL establishes a pattern of lower lows. That signals a continuation of the intermediate cycle decline.

Stocks

Stocks formed a swing low on Tuesday. A break above the declining trend line will confirm a new daily cycle.

Stocks are beginning their 3rd daily cycle for the current intermediate cycle. And stocks are in their timing band to seek out an intermediate cycle low. A failed daily cycle confirms the intermediate cycle decline. What we need to watch is the translation of the new daily cycle. A left translated cycle formation would signal that stocks are declining into its intermediate cycle low.

Stocks remained above the lower daily cycle band is it declined into the day 58 low. Therefore stocks remain in a daily uptrend and will continue in their daily uptrend until it closes below the lower daily cycle band.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

For subscribers click here.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report