The dollar formed a bearish reversal and closed below both the 10 day MA and the 50 day MA on Friday to signal the daily cycle decline. Friday was day 21, placing the dollar in the early part of its timing band for a DCL. The dollar did not deliver bearish follow through on Monday. Instead, the dollar delivered a bullish surprise by closing back above both the 10 day MA and the 50 day MA. The dollar is currently in a daily uptrend. If the dollar forms a swing low, that will indicate a continuation of its daily uptrend and signal a cycle band buy signal — in which we would then label day 21 as the DCL. A break above 98.83 will form a swing low.
Cycle Trading 
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