Dollar Update

The dollar printed its lowest point on week 30, placing it very deep and its timing band for an intermediate cycle low.  The dollar formed a weekly swing low to signal the new intermediate cycle.  However, the dollar remains contained by the 10 week MA and formed a weekly swing high this week, causing the status of the weekly cycle to not be clear.   What is clear is that the dollar is currently in a weekly downtrend.  Forming a weekly swing high below the lower weekly cycle band indicates a continuation of its weekly downtrend and signals a weekly cycle band sell signal.

FYI

While the dollar formed a weekly swing high — gold formed a weekly swing low!

A full discussion of both the dollar and gold can be found in the Weekend Report.

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

Subscribers click here.

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