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The 3/11/16 Weekend Report Preview

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Dollar The slightly lower low on Friday has eased the parameters for the dollar to form a daily swing low. The dollar is in its timing band to print a daily cycle low. A break above Friday's high of 96.76 would form a daily swing low and signal a new daily cycle. However, by closing below the lower daily cycle band on Thursday and Friday signals that the dollar is continuing its intermediate cycle decline. A break below the previous daily cycle low of 95.28 forms a second consecutive

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