The dollar tagged the 200 week MA the previous week.
Last week the dollar formed a weekly swing high.
I believe that the weekly swing high is setting the stage for a kiss goodbye.
The dollar printed an early YCl in February so it ins not surprising to see the dollar form a right translated weekly cycle as it emerged from its yearly cycle low. This is only week 16 for the intermediate dollar cycle. There is plenty of time for the dollar to complete one more daily cycle to bring it in its timing band for its ICL. Therefore we are watching of a left translated daily cycle formation once the dollar confirms the new daily cycle.
The dollar is running into resistance at the convergence of the 50 month MA & the declining 20 month MA. Coupled that with the weekly swing high and you can begin to see that the status of the longer term dollar cycles are aligning for a major opportunity for the Miners
In my special Report The Dollar’s Kiss Goodbye I will breakdown where the dollar is for its longer term 3 year cycle and 15 year super cycle. Then we will look at what happened to the Miners the last time this set up occurred and then look at the current Miner charts.
I would like to make available the special report The Dollar’s Kiss Goodbye and a complementary 6 week trial subscription to the Likesmoney Premium Site is available for $15.
The complementary subscription will give you full access to the premium site. It includes:
1) The Weekend Report, which is posted usually Saturday mornings. It discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles – Which includes the Likesmoney Cycle Tracker & the Likesmoney Trend Tracker.
2) The Mid-Week Update. Posted on Wednesday’s is a review of the daily and weekly charts for the above mentioned asset classes.
3)The Weekend Updates take a look of the daily & weekly charts of the Dax, GYX, NATGAS & XLE.
4) Weekly Update of the Bullish Percentile Bingo
5) Frequent updates of my proprietary FAS Buy/Sell Indicator
The goal of the Weekend Report is to develop an on-going framework of expectations using cycle analysis.
For the Likesmoney special report The Dollar’s Kiss Goodbye and 6 week trial subscription offer click here.
Current subscribers can access the report here.