Cycle Trading

The Dollar

Tuesday’s bullish reversal along with forming a daily swing low on Wednesday indicate a new daily cycle.

Since 7 of the previous 9 daily cycles ran past 30 days makes it possible to see the dollar continue lower. But the dollar closed above the 200 week MA and it is late in its timing band for an intermediate cycle low. This set up supports the scenario that day 19 hosted a daily cycle low. A break above the declining trend line is needed to confirm the new daily cycle. Still, the dollar is in a daily downtrend and will continue in its downtrend until it can close above the upper daily cycle band.

Stocks

Stocks closed above the declining trend line on Wednesday to confirm the new daily cycle.

Stocks continued higher in to Friday to close above the upper daily cycle band. This establishes a new daily uptrend and signals that the intermediate cycle low has been set.

Likesmoney Trend Tracker

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Trading the trend increases the probability of successful trades.
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Uptrend Buy Signals
* A swing low above the lower cycle band.
* A close above the upper cycle band.

Downtrend Buy Signals
* A close above the lower cycle band.
* A close above the upper 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

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