Cycle Trading

The dollar printed a swing high on Wednesday.

Wednesday was day 20 for the dollar’s daily cycle. That places the dollar in the early part of its timing band for a daily cycle decline. So the swing high that formed signals the beginning of the daily cycle decline. The dollar still needs to close below the 10 day MA for further confirmation of the daily cycle decline. Then it should break below the daily cycle trend line in order to form its daily cycle low. A break below the previous daily cycle low of 96.98 would form a failed daily cycle which would confirm the intermediate cycle decline. Currently, the dollar is in daily uptrend. The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks broke above the day 6 high on Thursday to right translate the daily cycle.

Stocks also closed above the upper daily cycle band on Thursday and Friday. Closing above the upper daily cycle band ends the daily downtrend and begins a daily uptrend.

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