The 2/12/22 Weekend Report Preview

The Dollar

The dollar printed its lowest point on day 14.

The dollar formed a swing low on Tuesday. It delivered bullish follow through by closing above both the 10 day MA and the 50 day MA on Friday to signal that day 14 was the DCL. The dollar is currently in a daily downtrend. The dollar will remain in its daily downtrend unless it closes back above the upper daily cycle band.

Stocks

Stocks lost the 10 day MA on Thursday and then lost the 200 day MA on Friday.

With a peak on day 7, losing the 200 day MA on Friday sets stocks up for a left translated daily cycle formation and a continuation of the intermediate cycle decline. Stocks are currently in a daily downtrend. They will remain in their daily downtrend unless they close back above the upper daily cycle band.  

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

For subscribers click here.

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