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The 2/26/16 Weekend Report Preview

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Dollar The dollar printed a new high on Friday, day 10, closing above the 50 day MA. A new high on day begins to shift the odds towards a right translated daily cycle formation. If the dollar forms a right translated daily cycle that would indicate that an intermediate low printed in February. Also a close above the daily upper daily cycle band indicates a new intermediate cycle. Stocks This week stocks broke the pattern of printing lower highs that began in November, 2015. Stocks printed

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