The dollar continued higher this week printing its highest point on Friday, day 14, shifting the odds towards a right translated daily cycle formation.
The dollar is 4 days shy of entering its timing band for seeking a daily cycle low. Bearish divergences are developing on the momentum indicators. A swing high and break below the daily cycle trend line will confirm that the dollar has begun its daily cycle decline. Still, the dollar is in a daily uptrend. It will remain in its daily uptrend unless it closes below the lower daily cycle band.
Friday was day 14 for the daily equity cycle and stocks closed at an all time high.
Stocks have reestablished its daily uptrend. They will remain in its daily uptrend unless it closes below the lower daily cycle band.
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