Cycle Trading

The Dollar

The dollar formed a daily swing high on Thursday.

The dollar closed below the 10 day MA on Thursday but recovered it on Friday. If the dollar delivers bearish follow through that would signal the daily cycle decline. However, the dollar is currently in a daily uptrend. If the dollar forms a swing low above the upper daily cycle band that will indicate a continuation of its daily uptrend and signal a cycle band buy signal.

Stocks

Stocks broke bullishly out of consolidation on Friday. 

The new high on day 20 assures us of a right translated daily cycle formation.      Stocks are currently in a daily uptrend.  Breaking bullishly out of consolidation indicates a continuation of the daily uptrend and signals a cycle band buy signal. 

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