Cycle Trading

The Dollar

The dollar formed a swing high following the day 19 bearish reversal. It then crawled along the 10 day MA until Thursday.

The dollar closed convincingly below the 10 day MA on Thursday. Then delivered bearish follow through on Friday. Friday was day 27, placing the dollar in its timing band for a daily cycle low. The dollar did break the daily cycle trend line. It should break convincingly below the daily cycle trend line before printing its DCL. But the manipulation of the currencies may prevent that from happening. So we will look for a swing low and a break above the declining trend line to signal a new daily cycle. The dollar remains in its daily uptrend. The dollar will continue in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks printed a new daily cycle high on Thursday, day 27, locking in a right translated daily cycle formation

Friday was day 28, placing stocks 2 days shy of its timing band for a daily cycle low. The right translated daily cycle formation aligns with it being in a daily uptrend. Stocks will remain in its daily uptrend unless the close back below the l wore daily cycle band.

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