Cycle Trading

The Dollar

It appears that the dollar printed a shortened, 17 day DCL on Tuesday.

Closing below the lower daily cycle band and below both the 10 day MA and the 50 day MA convinced me that day 17 hosted the DCL. Therefore closing above both moving averages and the upper daily cycle band confirms the new daily cycle. It also establishes that dollar is in a daily uptrend and will remain so unless it closes below the lower daily cycle band.

However, the dollar printed a bearish candle on Friday, which eases the parameters for forming a daily swing high. A break below 95.28 will form a swing high. If the dollar does so and close back below the aforementioned moving averages, that will confirm the daily cycle decline, setting up a left translated daily cycle formation.

Stocks

Despite forming a daily swing low, stocks still await confirmation that day 40 hosted the daily cycle low.

Stocks printed their lowest point on Thursday, day 40 placing them in their timing band for a DCL. Tuesday’s swing low signals a new daily cycle. A close above the declining day 10 MA will confirm.

Stocks are being compressed by the declining 10 day MA and the 200 day MA. Friday’s 319 million Buying on Weakness suggests a bullish resolution. Stocks are in a daily downtrend. They will remain in their downtrend unless they close below the lower daily cycle band.

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