Cycle Trading

The dollar broke below the day 32 low on Thursday to extend its daily cycle decline.  The dollar also broke below the previous DCL on Thursday. Breaking below the previous DCL forms a failed daily cycle and extends the dollar’s intermediate cycle decline.  Thursday was day 37, placing the dollar very deep in its timing band for a DCL.  The dollar formed a swing low on Friday.  A close above the 10 day MA will have a us label day 37 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

Stocks formed a swing high and closed below the 10 day MA on Friday. Friday was day 14 for the daily cycle. Any bearish follow through will set up a potential left translated daily cycle formation.  Stocks are currently in a daily uptrend. They will remain in their daily uptrend unless they close below the lower daily cycle band.

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