Back in February we observed how the dollar was rejected by the 97 level to head down into a daily cycle low. Well, the dollar crossed above that 97 line on Thursday.
Thursday was day 5 for the new daily cycle and the dollar broke out to a new daily cycle high to continue a pattern of higher highs and higher lows. This aligns with the dollar being in a daily uptrend trend. It will remain in its daily uptrend until it closes below the lower daily cycle band.
The dollar also broke out to a new yearly cycle high.
The dollar broke above the November high on Thursday. Since there was no failed intermediate cycle preceding the month 11 pivot, that makes March month 13 for the yearly dollar cycle. The new high also causes us to re-construct the monthly trend line. The dollar is in a monthly uptrend and will continue in its monthly uptrend unless it closes back below the lower monthly cycle band.
Cycle Trading 
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