Cycle Trading

After peaking on day 5, the dollar has since drifted lower.

The dollar formed a swing high and closed below the 10 day MA on Wednesday to signal the daily cycle decline. The dollar closed below the 50 day MA on Friday, further confirming the daily cycle decline. The peak on day 5 locks in left translated daily cycle formation. The dollar also closed below the lower daily cycle band on Friday. This ends the daily uptrend and begins a daily downtrend. It also signals the intermediate cycle is now in decline. A close below the previous daily cycle low of 95.72 will form a failed daily cycle to confirm the intermediate cycle decline.

Stocks

Stocks closed above the 10 day MA on Monday. Stocks then closed above the previous daily cycle high on Friday, confirming the new daily cycle.

Friday was day 5 for the daily equity cycle. Stocks continue to close above the upper daily cycle band, continuing their daily uptrend. They will remain in their daily uptrend unless they close below the lower daily cycle band.

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