Oil closed below the10 day MA on Tuesday then formed a swing high on Wednesday, breaking below the daily cycle trend line to signal the daily cycle decline.
Oil formed a bullish reversal on Thursday, day 24, placing oil in the early part of its timing band for a DCL. Oil is currently in a daily uptrend. If oil forms a swing low above the lower daily cycle band, that would indicate a continuation of the daily uptrend and signal a cycle band buy signal – which we would then label day 24 as the DCL. A break above 115.73 will form a daily swing low.
The dollar formed a bearish reversal on Wednesday followed by a swing high on Thursday.
The dollar is in its timing band for an intermediate cycle decline. A peak on day 11 can still result in a left translated daily cycle formation. — which would allow the dollar to complete its intermediate cycle decline. Currently the dollar is in a daily uptrend. It will remain in its daily uptrend unless it closes below the lower daily cycle band.
Cycle Trading 
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