Cycle Trading

The dollar’s rally out of its recent DCL has stalled out at the 104 resistance level.

If the dollar manages to beak above the 104 resistance level we will need to watch the declining 50 day MA. How the dollar reacts to the declining 50 day MA will signal if the 3 year cycle low has been set or is it still out in front. The dollar is currently in a daily downtrend. The dollar will remain in its daily downtrend unless it closes above the upper daily cycle band.