The Dollar formed a swing low on Monday.
The dollar printed its lowest point on Thursday, day 28, which placed it in its timing band for a daily cycle low. Monday’s swing low signals a new daily cycle. We will use a close above the 10 day moving average to label day 28 as the DCL. The dollar is currently in a daily downtrend. The dollar will remain in its daily downtrend unless it closes back above the upper daily cycle band.
Cycle Trading 
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