The 8/06/22 Weekend Report Preview

The Dollar 

The dollar printed its lowest point on Tuesday, day 25, to place it in the early part of its timing band for a daily cycle low. 

The dollar formed a swing low and closed back above the 10 day MA on Wednesday to signal that day 25 was the DCL.  The dollar should go on to turn the 10 day MA higher as it rallies out of its DCL. The dollar is currently in a daily uptrend.  The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks formed a daily swing high on Friday.

Friday was day 33, that places stocks in their timing band for a DCL.

If stocks deliver bearish follow through and close below the accelerated (dashed) trend line, that would signal the daily cycle decline. Stocks should then go on to break below the (blue) daily cycle trend line as they seek out their DCL. Stocks are currently in a daily uptrend. They will remain in their daily uptrend unless they close below the lower 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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