Cycle Trading

The dollar closed below the 10 day MA on Monday and continued lower to print its lowest point on Friday, day 17.

There have been 3 daily cycles since printing the intermediate cycle low in January. They have run short at 14 days, 19 days and 14 days respectively. The dollar could continue that trend of shortened daily cycles if Friday, day 17, becomes the DCL. If so, that would form a higher low. If a higher low forms, that would signal that this was the first daily cycle of a new intermediate cycle. That aligns with the dollar being in a daily uptrend. If a swing low forms above the lower daily cycle band then the dollar will remain in its daily uptrend.

Stocks

Stocks continued higher this week, printing a high high on Friday, day 25. The new high on day 25 assures us of a right translated daily cycle formation, which aligns with stocks being in a daily uptrend. Stocks will continue in their daily uptrend unless they close below the lower daily cycle band.

Since printing the day 14 half cycle low stocks have accelerated higher. Friday’s swing low allows us to construct an accelerated trend line. A swing high with a close below the accelerated trend line would be a signal of a daily cycle decline.

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