Cycle Trading

The dollar printed a bearish reversal on Friday.

The dollar formed a swing high on Monday then delivered bearish follow through on Tuesday, turning the 10 day MA lower to signal the daily cycle decline. A high on day 13 can still result in a left translated daily cycle formation. A break below the previous DCL of 109.97 will form a failed daily cycle and confirm the intermediate cycle decline. The dollar is currently in a daily uptrend. But a close below the lower daily cycle band will end the daily uptrend and begin a daily downtrend.