Timing Bands

0

The dollar printed a bullish engulfing candle on Thursday.

$$$ daily

Thursday was day 30 for the dollar’s daily cycle. That places the dollar late in its timing band to form a daily cycle low. Thursday’s bullish candle eases the parameters for forming a swing low. A break above 100.74 will form a swing low. The a break above the declining trend line will confirm the new daily cycle.

Bonds are also deep in their timing band to print a daily cycle low.

tlt

Thursday was day 28 for the daily bond cycle. The bullish reversal in bonds eases its parameters for forming a swing low. A break above 118.32 will form a daily swing low. Then a close above the declining trend line will confirm the new daily cycle.

Advertisements

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