Cycle Trading

The Dollar

Friday’s bullish reversal at support off the 50 day MA sets up for a daily cycle low to form. 

The dollar printed its lowest point on Friday, day 24.  That places the dollar in its timing band for a daily cycle low. Friday’s bullish reversal off of support from the 50 day MA eases the parameters for forming a daily swing low.  A  break above 93.09 forms a daily swing low.  A close back above the 10 day MA will indicate a new daily cycle. The dollar is in a daily uptrend & will remain so unless it closes below the lower daily cycle band. 

Stocks

Stocks continued higher printing a new high on Friday, day 37.

Stocks are in their timing band for a seeking a DCL.  At this point a swing high and close below the 10 day MA will signal the daily cycle decline.  Stocks continue to close above the upper daily cycle band to indicate a daily uptrend.  Stocks will remain in their uptrend until they close below the lower daily cycle band. 

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