Last Thursday we discussed how the dollar being rejected by the 50 day MA and also losing the 10 day MA was a textbook set up for a decline into a daily cycle low. 277 more words
1 day, 14 hours ago
The dollar broke above the 50 day MA on Wednesday. But then formed a bearish reversal and closed below the 50 day MA. Thursday the dollar formed a swing high to signal the daily cycle decline. 130 more words
5 days, 3 hours ago
The dollar was rejected by the 50 day MA on Wednesday.
Wednesday’s bearish reversal eased the parameters for forming a swing high. A swing high has formed overnight. 120 more words
1 week ago
The dollar has been in a daily downtrend that has been characterized by peaks printing below the upper daily cycle band and lows forming below the lower daily cycle band. 149 more words
1 week, 1 day ago
The dollar closed above the declining trend line on Thursday and delivered bullish follow through on Friday to confirm the new daily cycle. … 214 more words
1 week, 5 days ago
Oil peaked last Thursday, day 16 and formed a swing high on Monday. Then oil broke below the daily cycle trend line on Tuesday to confirm that it has begun its daily cycle decline. 53 more words
2 weeks, 1 day ago
The dollar formed a failed daily cycle on Thursday. Friday’s swing low signals a new daily cycle.
Thursday was day 37 for the dollar’s daily cycle, placing it late in its timing band for a daily cycle low. 184 more words
2 weeks, 5 days ago