Cycle Trading

The Dollar

The dollar printed its lowest point on day 14, which is early to expect a DCL to form.

The dollar closed above the 10 day MA on Tuesday then delivered bullish follow through Thursday and Friday. The dollar closed above the 50 day MA on Friday to signal the new daily cycle. The dollar also closed above the upper daily cycle band on Friday. Closing above the upper daily cycle band ends the daily downtrend and begins a new daily uptrend. Closing above the upper daily cycle band also indicates that the intermediate cycle low has been set.

Stocks

Stocks are still working through a resistance zone.

Stocks printed their lowest point on day 36, placing them in their timing band for a DCL. Stocks formed a swing low and closed above the 10. day MA to signal the new daly cycle. However, stocks are working through 6 weeks of resistance. Stocks are currently in a daily uptrend. A bullish break out of consolidation will indicate a continuation of the daily uptrend and signal a cycle band buy signal.

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