Dollar Finds Support

The dollar found support at the 200 day MA on Thursday.

Thursday was day 26, placing the dollar in its timing band for a DCL. A swing low and close above the 50 day MA will signal the new daily cycle. We will use a close above the 10 day MA to label day 26 as the DCL. So, it is possible that we will see the dollar rally into a new daily cycle.   In the Weekend Report I plan to discuss the longer term, Intermediate Cycle — here is a hint.

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