The dollar looks to have printed a daily cycle low on Tuesday, day 22,
with a swing low forming on Wednesday.
The dollar then reversed lower on Thursday, printing a lower low (by one cent).
With a new low printed on Thursday,
if the dollar breaks above the (golden) accelerated declining trend line,
then that would make Friday day 1.
A convincing break below Thursday's low shifts the odds to Tuesday being the daily cycle low and now the dollar is in a new failed daily cycle.
which would Friday day 3.
Stocks
The new daily cycle continues to unfold.
Friday was day 9 for the daily equity cycle.
Stocks have rallied the last 8 out of 10 days.
This is the first daily cycle of a new intermediate cycle.
Therefore the current daily cycle should form as right translated, peaking after 20 days.
A a more in depth market discussion can be found on my blog
Happy Trading
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http://likesmoneycycletrading.wordpress.com/