Cycle Trading

The dollar formed a swing low on Monday.

The dollar printed its lowest point on day 50. That places it very deep in its timing band for a DCL. Monday’s swing low signals the new daily cycle. We will use a close above the converging 10 day MA and 200 day MA to label day 50 as the DCL. The dollar is currently in a daily downtrend. The dollar will remain in its daily downtrend unless they close above the upper daily cycle band.