The 3/11/16 Weekend Report Preview

The Dollar


The slightly lower low on Friday has eased the parameters for the dollar to form a daily swing low.

The dollar is in its timing band to print a daily cycle low. A break above Friday’s high of 96.76 would form a daily swing low and signal a new daily cycle. However, by closing below the lower daily cycle band on Thursday and Friday signals that the dollar is continuing its intermediate cycle decline. A break below the previous daily cycle low of 95.28 forms a second consecutive failed daily cycle.


The new high on Friday, day 19, shifts the likelihood that stocks are forming a right translated daily cycle.

A right translated cycle formation would deliver further evidence that February hosted an intermediate cycle low. Stocks are currently closing above the upper daily cycle band, which indicates that they are in a new daily uptrend. They will remain in a daily uptrend until they close below the lower daily cycle band.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, The CRB Index, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

For subscribers click here.


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