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The weekend report preview

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Dollar: The dollar formed a swing low on Friday. Thursday was day 13 for the daily dollar cycle. That is 5 days shy of the dollar's timing band to print a daily cycle low. So there is still time for another push lower before forming a daily cycle low. The dollar is in a daily down trend. It will remain in a down trend until it can close above the upper daily cycle band. The lower low this week has eased the parameters for forming a weekly swing low. With the dollar deep in its timing band,

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