Narrow Range Day for the Dollar


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.


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.

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