Cycle Trading: Weekend Report preview - FXStreet

The Dollar

The dollar was rejected by the 200 day MA on Monday, formed a swing high on Thursday, and then delivered bearish follow through on Friday.

The peak on day 6 sets the dollar up for a left translated daily cycle formation.  Closing below the 10 day MA indicates that the dollar has begun its daily cycle decline.  A break below the previous daily cycle low of 96.30 forms a failed daily cycle to continue the intermediate cycle decline. The dollar is in a daily downtrend.  It will remain in its daily downtrend unless it closes back above the upper daily cycle band.

Stocks

Stocks Stocks continued higher this week to print a new high on Friday.

The new high on Friday, day 17, shifts the odds towards a right translated daily cycle formation.  Which aligns with stocks being in a daily uptrend.  Stocks will remain in their daily uptrend unless they close below the lower daily cycle band.

Let's block ads! (Why?)

"cycle" - Google News
December 30, 2019 at 11:45AM
https://ift.tt/2rE4qV8

Cycle Trading: Weekend Report preview - FXStreet
"cycle" - Google News
https://ift.tt/32MWqxP
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update

Bagikan Berita Ini