Pre-Summary:
The Dollar continues to advance, but Tuesday’s price action raises some questions.
The Dollar printed a higher high on Tuesday as it continued its advance out of the Day 13 right translated DCL. However, the Dollar appears to be running into resistance at the 101.5 level, which raises concerns for the intermediate cycle — which I plan to address in the Weekend Report.
The Dollar is currently in a daily uptrend . The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.
Cycle Alignment
Daily: Uptrend; Day 14 with possible rejection developing.
Weekly: Uptrend; some concerns are beginning to develop.
Leave a comment