The dollar broke below the day 34 low on Tuesday to extend its daily cycle decline.
Wednesday was day 43, placing the dollar deep in its timing band for a DCL. Wednesday’s bullish candle eases the parameters for forming a daily swing low. A break above 101.68 will from a swing low. Then a close above the 10 day MA will have us label day 43 as the DCL. And a dollar rallying out of a DCL should put pressure on stocks and precious metals.
Thank you LM – I am watching this closely before entering a short-term shorting on gold.
You note:
A break above 101.68 will from a swing low
Can you please confirm how you determine this value ?
Thank you Eric
In order to form a swing low price needs to break above the previous daily cycle high — without forming a lower low.
I hope that this helps.
LM
Thanks – just to clarify, the previous DCH was around 107 (8 march) so I am still unclear. Did you mean that the price needs to close above the previous Daily cycle low ? (which was around 100.8 on 2nd Feb)
Thanks
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I misspoke, when I said the previous daily cycle high, I meant to say the previous day’s high. To clarify, pPrice does not have to close above the previous day’s high in order to form a swing low, just break above it. So, a swing low did form on Thursday. Price rose above the previous daily cycle high. https://postimg.cc/LJrLqKw7
Cycle Trading 
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