Dollar Squeeze Play

o

The intermediate dollar cycle peaked on week 12. Last week, which was week 15, the dollar broke below the previous weekly low forming a failed intermediate cycle.

1 $$$ weekly

It is possible that the dollar left behind an early 15 week intermediate low. The dollar began a new daily cycle this week and has yet to reveal the nature to its daily cycle.

2 $$

Currently the dollar’s daily cycle has a day 5 peak. The dollar is being squeezed between the 10 day MA & the 50 day MA. A break higher will indicate a right translated cycle formation. A break lower locks in a left translated cycle and should lead to another failed daily cycle.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s