Cycle Trading

The dollar formed a swing low and closed above the 10 day MA to signal that day 31 was the DCL.

After delivering bullish follow through on Thursday, the dollar delivered a bearish surprise on Friday. The dollar formed a huge bearish reversal on Friday. The dollar is currently in a daily downtrend. If the dollar forms a swing high below the upper daily cycle band then the dollar will remain in its daily downtrend and signal a cycle band sell signal. A break below 103.62 will form a daily swing high.