Cycle Trading

The dollar pointed its lowest point on day 34, placing it deep in its timing band for a daily cycle low.  The dollar has begun to consolidate below the 100.50 level, potentially forming a bottom. A break above 100.62 will form a swing low.  Then a close back above the 10 day moving average will have us label day 34 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.