Cycle Trading

The Dollar

The dollar printed a bearish reversal on Friday, setting up a potential move down into a daily cycle low.

Friday was day 20 for the dollar’s daily cycle, placing the dollar in its timing band for seeking a daily cycle low. A swing high and a break below the daily cycle trend line will confirm the daily cycle decline. A break below 93.60 will form a daily swing high. The dollar continues to close above the upper daily cycle band, indicating a daily uptrend. The dollar will remain in its daily uptrend until it closes below the lower daily cycle band.

trend line

Stocks

Thursday’s new high on day 31 locks in a right translated daily cycle formation.

Friday was day 32 for the daily equity cycle, placing stocks in their timing band for seeking out a daily cycle low. A swing high and trend line break will confirm the daily cycle decline. A break below 2540.02 would form a daily swing high. Stocks continue to close above the upper daily cycle band, indicating a daily uptrend. Stocks will remain in its daily uptrend until it closes below the lower daily cycle band.

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