Cycle Trading

The Dollar 

The dollar formed a swing high on Friday. 

The dollar is currently stretched above the 10 day MA and may need to consolidate to allow the 10 day MA to catch up to price. The dollar is very deep in its timing band for an ICL and YCL.  A close below the 10 day MA could send the dollar into a daily, weekly and yearly cycle decline.  Still, the dollar is currently in a daily uptrend. The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.  

Stocks

This has been a volatile week for stocks.

Stocks found support at the 3750 level and formed a swing low on Friday, day 18. Stocks will need to break above the day 6 high of 3945.86 in order to shift the odds towards a right translated daily cycle formation. Currently, stocks are in a daily downtrend. They will remain in their daily downtrend unless they can close above the upper daily cycle band.