The Dollar

After peaking on day 2 the dollar lost the 200 MA and has been range bound since.

A break above 96.87 shifts the odds towards a right translated cycle formation. Rejection by the 200 MA signals that the dollar has begun its daily cycle decline.


Stocks have fully recovered from the BREXIT, breaking out to a new yearly high on Friday and falling just 3.01 short of an all-time high.

Friday was day 8 for the new daily cycle. Stocks closed above the upper daily cycle band on Friday, re-establishing the daily uptrend. This also signals that the intermediate cycle low has been set.

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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