Cycle Trading

The Dollar 

The dollar printed a bearish reversal on Thursday.

Thursday was day 7. If the dollar delivers bearish follow through and closes below the 10 day MA, that would set the dollar up for a left translated daily cycle formation. However the dollar is currently in a daily uptrend. If the dollar forms a swing low above the lower daily cycle band then it will remain in its daily uptrend and signal a cycle band buy signal.

Stocks

Stocks printed their lowest point on Thursday, day 26, placing stocks in the early part of its timing band for a DCL. Thursday’s bullish reversal saw stocks also close above the 10 day to signal that day 26 was the DCL. However, stocks ran into resistance at the declining trend line on Friday.

Stocks will need to form a swing low and close above the declining trend line in order to label day 26 as the DCL. However stocks are currently in a daily downtrend.  If stocks form a swing high then they will remain in their daily downtrend and signal a cycle band sell signal.

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