Cycle Trading

The Dollar

The dollar formed a daily swing low on Friday.

The dollar had been crawling along the 50 day MA until Thursday. The dollar formed a bullish reversal on Thursday at support from the converging 10 day MA and 50 day MA. The dollar went on to form a swing low on Friday– forming a higher high. The new high on day 18 assures us of a right translated daily cycle formation. The dollar is currently in a daily uptrend.  Forming a swing low above the upper daily cycle band indicates a continuation of its daily uptrend and signals a cycle band buy signal.

Stocks

Stocks continued lower into Friday.

Friday was day 33, placing stocks in their timing band for a DCL. There are bullish divergences developing on the oscillators. We are watching the rising 50 day MA for potential support for a swing low to form. Stocks are currently in a daily uptrend. If stocks form a swing low above the lower day cycle band and close above the 10 day MA that will indicate a continuation of their daily uptrend and signal a cycle band buy signal. In which we would then label day 33 as the DCL. A break above 4476.23 will form a daily swing low.

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