Narrow Range Day for the Dollar

0

The dollar broke out to a new high on Monday before reversing lower to to print a narrow range day.

$$$

Monday was day 21 for the dollar’s daily cycle. That places the dollar solidly in its timing band to seek out a daily cycle low. The narrow range day has eased the parameters for forming a daily swing high. A break below 97.25 will form a daily swing high. Then a break below the daily cycle trend line will confirm the daily cycle decline.

Advertisements

4 thoughts on “Narrow Range Day for the Dollar

  1. I checked and I checked, gold didn’t print a lower low today that you said on today’s comment. Thursday, July 21 low was 1310.80, and today, July 25 low was 1312.50. So I don’t know where you get that lower low from.

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