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

    Oct 7, 2015
    Likes Received:
    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

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