Cycle Trading

The Dollar

The dollar had been consolidating in between the rising 10 day MA and the 200 day MA — until Tuesday.

The dollar broke bullishly out of consolidation on Tuesday to close above 50 day MA.  The dollar went on to close above the 200 day MA on Wednesday. 

However the dollar formed a swing high on Thursday then lost the 200 day MA on Friday. A close below the 50 day MA would signal the daily cycle decline.  The dollar is currently in a daily uptrend. The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks were consolidating in a triangle consolidation — until Friday.

Stocks broke bullishly out of consolidation on Friday. Stocks currently are 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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