Cycle Trading

Dollar

The dollar formed a swing swing high on Friday.

Friday was day 21 for the daily dollar cycle, placing the dollar in the early part of its timing band for a DCL. The dollar has become quite stretched above the 10 day MA. If the dollar delivers any bearish follow through to Friday’s swing high that could send the dollar to seek out its DCL.  The dollar is in a daily uptrend.  The dollar will remain in its daily uptrend unless it closes back below the lower daily cycle band. 

Stocks

Stocks formed a swing low on Thursday then negated that swing low on Friday.

Stocks printed their lowest point on Friday, day 45, placing them deep in their timing band for a DCL. So we are still waiting on a swing low and close above the 10 day MA to signal a the DCL.  Stocks are in a daily downtrend and will remain so unless they close back above the upper daily cycle band.  

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