The Dollar The dollar found support at the 200 day MA on Thursday and formed a swing low on Friday. Thursday was day 26, placing the dollar in its timing band for a DCL. A close above the 50 day MA will signal the new daily cycle. We will … Read on blog or Reader Cycle Trading Read on blog or Reader The 5/18/24 Weekend Report Preview likesmoneystudies May 18 The Dollar The dollar found support at the 200 day MA on Thursday and formed a swing low on Friday. Thursday was day 26, placing the dollar in its timing band for a DCL. A close above the 50 day MA will signal the new daily cycle. We will use a close above the 10 day MA to label day 26 as the DCL. The dollar is currently in a daily downtrend. The dollar will remain in its daily downtrend unless it closes above the upper daily cycle band. Stocks Stocks formed a swing high on Friday. Stocks are currently stretched above the 10 day MA.  Stocks may need to consolidate to allow the 10 day MA to catch up to price. But a close below the 10 day MA will signal the daily cycle decline.  Stocks are currently in a daily uptrend. Stocks will remain in their daily uptrend unless they close below the lower daily cycle band. The entire Weekend Report can be found at Likesmoney Subscription Services The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles. Also included in the Weekend Report is the Likesmoney CycleTracker Subscribers click here. Comment Like You can also reply to this email to leave a comment.

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