Cycle Trading

The Dollar

The dollar printed is highest point on Friday, day 23. There are bearish divergences developing on the oscillators which often precedes the daily cycle decline.

The dollar is in its timing band for a DCL. A swing high & trend line break will confirm the daily cycle decline. A break below 93.24 will form a daily swing high.

Stocks

Stocks consolidated this week which allowed the 10 day MA to catch up to price.

Stocks tagged the rising 10 day MA on Friday. Stocks are in a daily uptrend. If a swing low forms above the lower daily cycle band they will remain in their daily uptrend.

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