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Cycle Trading: Weekend Report Preview

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Dollar After peaking on day 13, the dollar printed its lowest point on the previous Friday, day 25. Wednesday's close above the lower daily cycle band confirms that the dollar has left behind a 25 day, daily cycle low. Thursday was day 4 for the new daily cycle. The dollar has been in a daily down trend that is characterized by closing below the lower daily cycle band. The dollar will remain in a daily down trend until it closes above the upper daily cycle band. The dollar closed the

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