Cycle trading: The weekend report preview - FXStreet

The Dollar

The status for the dollar's daily cycle is not clear. 

The dollar formed a swing high on Tuesday.  If day 14 was a daily cycle low, then the rally out of that DCL should cause the 10 day MA to turn higher. However, the dollar formed a swing high on Tuesday then closed below the 10 day MA on Thursday. This indicates that day 14 was not an early daily cycle low.  What is clear is that the dollar is in a daily uptrend.  The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks closed above the 200 week MA.

Stocks printed their lowest point on week 25 to place them in their timing band for an intermediate cycle low to form. Stocks formed a weekly swing low and closed above the declining weekly trend line to confirm the new intermediate cycle. Stocks should close above the 10 week MA and turn it higher as it rallies out of its ICL. Stocks are currently in a weekly downtrend and will remain so until they can close back above the upper weekly cycle band.

Let's block ads! (Why?)

"cycle" - Google News
April 13, 2020 at 12:07PM
https://ift.tt/2VoGq3d

Cycle trading: The 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