The 4/08/16 Weekend Report Preview

The Dollar

The dollar formed a swing low on Friday.

Thursday was day 13 for the daily dollar cycle. That is 5 days shy of the dollar’s timing band to print a daily cycle low. So there is still time for another push lower before forming a daily cycle low. The dollar is in a daily down trend. It will remain in a down trend until it can close above the upper daily cycle band.


Stocks remain above the upper daily cycle band, indicating a daily uptrend. Friday’s huge Selling on Strength number indicates that stocks still need to complete their daily cycle decline.

Following the day 29 swing low, stocks went on to print a higher high on day 34. A swing high formed on day 36 that coincided with a TSI trend line break. The True Strength Indicator then delivered a bearish zero line crossover on Friday which indicates the daily cycle decline is imminent.

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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