Cycle Trading

The dollar formed a swing high on Wednesday.  

The dollar is currently in a daily downtrend.  Forming a swing high below the upper daily cycle band and closing back below the 10 day MA indicates a continuation of its daily downtrend and signals a cycle band sell signal.  However the dollar did not deliver bearish follow through on Thursday. Instead the dollar printed a bullish reversal on Thursday and a swing low on Friday.

The previous daily cycle was stretched at 49 days. A shorten daily cycle would help to balance out the cycle counts. A close back above the 10 day MA would signal a new daily cycle.

So, while the dollar formed a swing low on Friday, it was rejected by the 10 day MA. Any bearish follow through will signal a continuation of the daily cycle decline.

Stocks

Stocks broke below the day 30 low on Thursday to extend its daily cycle decline.

Thursday was day 36, placing stocks in their timing band for a DCL. Stocks formed a swing low, above support from the 50 day, and closed above the 10. day MA to signal the new daly cycle. Stocks are currently in a daily uptrend. Forming a swing low above the lower daily cycle band and closing back above the 10 day MA indicates a continuation of its daily uptrend and signals a daily cycle band buy signal.

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