Cycle Trading

The Dollar

The dollar closed convincingly above the declining trend line on Thursday. Then delivered bullish follow through on Friday to confirm the new daily cycle.

The dollar breached the 50 day MA on Friday and then faded. This eases the parameters for forming a daily swing high to set up a possible left translated daily cycle formation. A break below 94.55 will form a daily swing high. The dollar is in a daily downtrend & will remain so unless it closes above it the upper daily cycle band.

Stocks

Friday was day 31, placing stocks in their timing band for seeking out its DCL.

Stocks peaked on day 26, locking in a right translated daily cycle formation. A swing high as formed and stocks have breached the daily cycle trend line. Stocks will need to break below the daily cycle trend line and turn the 10 day MA lower in order to complete its daily cycle decline.

Stocks are in a daily uptrend. If a swing low forms above the lower daily cycle band that will indicate that stocks remain in their daily uptrend and signal a cycle band buy signal.

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