Cycle Trading: The Dollar is About to Cross the Line
|The dollar printed its lowest point on Thursday, day 36, placing it late in its timing band for a DCL. Friday’s swing low signals a new daily cycle.
The dollar needs to break above the declining daily cycle trend line to confirm the new daily cycle. And a bullish break above the declining trend line will likely send the Miners lower.
Monday was day 12 for the daily Miner cycle. So if the dollar delivers a bullish break of its declining trend line confirming its new daily cycle that will likely send the Miners lower. A break below the daily cycle trend line for the Miners will confirm the daily cycle decline. And with a peak on day 1 assures us of a left translated daily cycle formation.
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