1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Cycle Trading: Weekend Report Preview

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    The Dollar The dollar formed a swing low on Friday which may signal an extended daily cycle low has formed. There are 2 reasons why I suspect an extended daily cycle. 1) The lower low has extended the intermediate cycle out to week 31. An extended daily cycle count becomes more likely than seeing the weekly cycle extend out by another 4 - 5 weeks. 2) The bullish TSI divergence indicates a possible bullish surprise. The dollar will need to close above the lower daily cycle band to confirm that

    Continue reading...
     

Share This Page