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The dollar is deep in its timing band to print an intermediate cycle low

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Dollar Wednesday's swing low and break above the declining trend line confirms that the dollar has begun a new daily cycle. The dollar has been in a daily down trend as characterized by peaks below the upper daily cycle band and lows below the lower daily cycle band. The dollar will remain in a daily down trend until it can close above the upper daily cycle band. The dollar is deep in its timing band to print an intermediate cycle low. The bullish reversal that formed this week will likely

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