Cycle Trading

The dollar printed its lowest point on day 33, placing it in its timing band for a DCL. 

The dollar  formed a swing low on Tuesday. Tuesday’s swing low closed back above the 50 day MA to signal a new daily cycle.  On Thursday we see that the dollar formed a bullish reversal off support from the 50 day MA and is in the processor breaking above the 10 day MA. We will use a close above the 10 day MA to label day 33 as the DCL.   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.