Cycle Trading

The Dollar

The dollar appears to have printed a half cycle low on Wednesday.

The dollar was rejected at the declining 50 day MA & then went on to lose the 10 day MA on Tues. Wednesday the dollar rallied and went on to regain the 10 day MA and form a swing low on Thursday signaling that Wednesday was a half cycle low. The dollar closed above the upper daily cycle band on day 7. Forming a swing low above the lower daily cycle band signals that the dollar has begun a new daily uptrend.

In the Weekend Report, the weekly chart shows that the week 23 appears to have hosted the ICL. If so, then the dollar should form a right translated daily cycle. The dollar would need to break above the day 8 high of 90.89 in order to form a right translated daily cycle and confirm a new daily uptrend.

Stocks

Stocks closed above the upper daily cycle band to reaffirm the daily uptrend.

Stocks formed a swing low on Mon & regained the 10 day MA on Tues to signal that day 14 hosted a half cycle low. Friday’s close above both the 50 day MA and the upper daily cycle band confirms the half cycle low. Forming a swing low above the lower daily cycle band signals that stocks remain in their daily uptrend. A break above the day 11 high of 2789.15 will assure us of a right translated daily cycle formation.

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