Cycle Trading

The Dollar

The dollar continued higher, printing a higher daily cycle high on Friday.

Friday was day 10 for the dollar’s daily cycle. Despite printing a higher high on Friday, the dollar closed lower for the day. A break below 97.33 would form a swing high. Then a close below the 10 day MA would signal the daily cycle decline. Since the previous daily cycle was a shortened 17 day daily cycle, the current daily cycle could stretch, in order to balance out the cycle counts. Therefore there is the possibility that a day 10 peak could left translate. However, the dollar continues in its daily uptrend. It will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks continued to rally, printing a new daly cycle high on Friday.

Friday was day 33 for the daily equity cycle, which places stocks in its timing band for a daily cycle low. At this point a close below the the 10 day MA will signal the daily cycle decline. Stocks should then break below the (blue) daily uptrend line before forming its DCL. The new high on day 33 locks in 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.

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