Since the dollar printed its yearly cycle low in May, 2016 — 5 of the previous 7 daily dollars cycles were 30 days or longer. Four of them stretching past 36 days.
The dollar printed its lowest point on Friday, stretching the current daily cycle out to day 46. At this point, a daily swing low and a close above the lower daily cycle band will signal a new daily cycle. The dollar is in a daily downtrend and will remain in its daily downtrend until it closes above the upper daily cycle band.
Stocks continued higher last week.
Friday was day 10 for the daily equity cycle and stocks again printed a new high. Stocks continue to close above the upper daily cycle band, indicating a daily uptrend. They will remain in their uptrend unless then close below the lower daily cycle band.
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