Cycle Trading

The dollar broke below the day 20 low on Tuesday to extend its daily cycle decline. 

The dollar went on to print its lowest point on Wednesday, day 26, placing it in its timing band for a DCL. The dollar formed a swing low on Thursday and is in the process of closing above the converging 10 day MA and the 200 day MA so we will label day 26 as the DCL.   In the Weekend Report I plan to discuss the expectations for the new dollar daily cycle and what that might mean for the metals and stocks.