Cycle Trading

The 200 day MA is a major dynamic support/resistance level for the dollar.

The Dollar formed a bullish reversal of support from the 200 day MA on Tuesday.

Tuesday was day 20, placing the dollar in the early part of its timing band for a DCL. The bullish reversal of support from he 200 day MA signals a new daily cycle. We will use a close above the 10 day MA to label day 20 as the DCL. The Dollar is currently in daily downtrend. The dollar will remain in its daily downtrend unless it closes above the upper daily cycle band.