The dollar is getting late in its timing band to form a daily cycle low.
The dollar printed its lowest point on Friday, following the day 19 peak. 326 more words
The dollar broke out to a new daily cycle high on Wednesday and then delivered bullish follow through on Thursday.
The bullish follow through on Thursday caused the dollar to close above the upper daily cycle band for the second straight day to establish a new daily uptrend. 124 more words
Friday was day 15, placing the dollar 3 days shy of entering its timing band for a daily cycle low. While the dollar breached the daily cycle trend line, it did not deliver a clear and convincing break below the daily cycle trend line nor did it close below the 10 day MA. 230 more words