The dollar’s daily cycle peaked on day 7 where it was rejected by the 50 day MA. It then declined steadily until Thursday, where it printed a bullish reversal. The dollar then gained over $1 Thursday & Friday forming a swing low and regaining the 50 day MA.
Friday was day one of a new daily cycle. However, this is the type of strong impulsive move that we expect to see the dollar as it rallies out of an intermediate low.
The intermediate and yearly cycles go on to point to potential major low which I detail in the premium report.
The previous daily cycle formed as a right translated cycle. Therefore our cyclical expectation is to see the current daily cycle print a higher daily cycle high.
Since printing the previous daily cycle high stocks have been repeatedly rejected at the 1885 level. Based on our intermediate equity framework, we are expecting a left translated daily cycle to form here. Left translated daily cycles normally peak on or before day 20.
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