Cycle Trading

The Dollar

The dollar broke below the day 34 on Tuesday to extend its daily cycle decline.

The printed its lowest point on Thursday, day 43, placing it deep in its timing band for a DCL.  The dollar formed a swing low on Thursday. A close above the 10 day MA will signal the new daily cycle.  The dollar is currently in a daily downtrend.  The dollar will continue in its daily downtrend unless it closes back above the upper daily cycle band.

Stocks

Stocks formed a swing high on Wednesday, but negated the swing high by forming a swing low on Thursday.

The previous 2 daily cycles were stretched at 49 and 53 days respectively. So it is possible to see a shortened daily cycle, which would help to balance out the cycle counts. If stocks deliver bearish follow through by breaking below the the daily cycle trend line that will signal the daily cycle decline. Stocks are currently in a daily uptrend. Stocks will remain in their daily uptrend unless they close below the lower daily cycle band.

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