The Dollar Forms a Failed Daily Cycle. Are the Weekly and Yearly Cycles Next?
Pre-Summary The dollar has formed a failed daily cycle. The next question is whether that weakness begins changing the longer-term picture. The dollar ran into resistance above the 101.60 level on Tuesday, Day 9. Wednesday’s swing high and close below the 10-day MA signaled the daily cycle decline, with the Day 9 peak favoring a left-translated daily cycle. Thursday delivered bearish…











