#cycletracker

The 3/14/14 Weekend REport Preview

The current daily cycle for the dollar peaked on day 6 and has since been in decline.

http://postimg.org/image/me4bopazv/

The dollar began this week trying to rally. That soon fizzled out with the dollar being soundly rejected by the declining trend line Tuesday. Thursday’s reversal looked as if the dollar may have left behind an early daily cycle low only to see the dollar close lower on…

The previous week on February 28th the dollar plunged, breaking below the previous daily cycle low confirming a failed daily cycle. This past week saw a counter trend rally that worked off some of the oversold conditions. Once the dollar has entered its primary cycle decline, counter trend rallies that extended past 4 days have initiated new daily cycles. This counter trend rally peaked on…

The daily dollar cycle peaked on day 6. Friday, day 7 saw the buck not only form a swing high, but also break below the previous daily cycle low forming a failed daily cycle.

http://yfrog.com/ghngp4j

A surprise in a price series tends to express itself in the direction of the trend. This is the second such downside surprise in just over a month leaving little doubt that the dollar has entered…