Dollar Decline

The Dollar

 
The dollar was rejected by the 200 day MA on Monday, formed a swing high on Thursday, and then delivered bearish follow through on Friday.

The peak on day 6 sets the dollar up for a left translated daily cycle formation. Closing below the 10 day MA indicates that the dollar has begun its daily cycle decline. A break below the previous daily cycle low of 96.30 forms a failed daily cycle to continue the intermediate cycle decline. The dollar is in a daily downtrend.  It will remain in its daily downtrend unless it closes back above the upper daily cycle band.

In my Special Dollar Report We will look at the big picture for the dollar. I will breakdown how the daily, weekly, and yearly cycles for the dollar.

Along with my Special Dollar Report I am running a 6 week trial subscription special. The 6 week trial subscription you will have will give you full access to the premium site which includes:

1) The Weekend Report, which is posted usually Saturday mornings. It discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles – Which includes the Likesmoney Cycle Tracker.

2) The Mid-Week Update. Posted on Wednesday’s is a review of the daily and weekly charts for the above mentioned asset classes.

3)The Weekend Updates take a look of the daily & weekly charts of the DAX, GYX, NATGAS & XLE.

4) Weekly Update of the Bullish Percentile Bingo

5) Frequent updates of my proprietary FAS Buy/Sell Indicator

The goal of the Weekend Report is to develop an on-going framework of expectations using cycle analysis.

For the Special Dollar Report and 6 week trial subscription offer click here.

Current subscribers can access the report here.

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