The dollar formed a swing low last Wednesday then closed above the 10 day MA on Thursday. The dollar delivered bullish follow through on Friday and Tuesday so we will label day 29 as the DCL. The dollar is stretched above the 10 day MA as it is running into resistance at the 102 level. The dollar may need to consolidate to allow the 10 day MA to catch up to price.
The dollar also broke above last week’s high forming a weekly swing low. In the Weekend Report I plan to discuss the longer term implications of the weekly swing low for the dollar’s intermediate (weekly) cycle and the longer term, yearly cycle.
Cycle Trading 
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