The dollar printed its lowest point on Thursday, day 32. That placed it in its timing band for a DCL.
The dollar formed a swing low on Friday, closing back above the 50 day MA. The dollar delivered bullish follow through on Monday by closing above the 10 day MA and the daily cycle trend line to confirm the new daily cycle. The dollar is currently deep in its timing band for an intermediate cycle decline. Therefore our expectation is to see this new daily cycle left translate and fail in order to complete the intermediate cycle decline.
Cycle Trading 
Leave a comment