Cycle Trading

The Dollar

The new high on Friday, day 25, locks in a right translated daily cycle formation.

Friday was day 25, placing the dollar in its timing band for a DCL. A swing high and a break below the daily cycle trend line is needed to confirm the daily cycle decline. The dollar is in a daily uptrend. So once the daily cycle decline begins, if a swing low forms above the lower daily cycle band the dollar will remain in its daily uptrend.

Stocks

Stocks have been consolidating for the past 12 days since emerging from the day 23 low.

Friday was day 16 for the daily equity cycle. Stocks will need to break above the day 13 high of 2742.24 in order for form a right translated daily cycle. Stocks are currently 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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