Matthew, You are correct that the USD has had a long string of Right Translated Daily or Trading Cycles. I am expecting that to change based on 2 cycle factors: 1) The most recent Trading Cycle, if it did find a low yesterday came very close to failing and exceeded the 76% retrace which is not bullish price action. 2) Based on Time, the USD is due to make a move into its longer term 5-6 month Intermediate Cycle Low.
If I am correct in my analysis, the next USD Trading Cycle should top quickly (on or before day 8) and fail into a Left Translated cycle.
Thank-you SC, we have to get our exports in quick by May to get more Yuan for $. The tough part is the PBOC may issue surprises like it did from it’s first announcement to manage float within.5% of CNY/$, then 1% and last was 2%. Not sure if the tout about’free float’ may be seen to show Trump it’s not manipulating. However this unpredictable Trump may play the game both ways to peg $ in favor of higher Yuan , who knows?
Hi SC, seems like $’s having RT all along?
Matthew, You are correct that the USD has had a long string of Right Translated Daily or Trading Cycles. I am expecting that to change based on 2 cycle factors: 1) The most recent Trading Cycle, if it did find a low yesterday came very close to failing and exceeded the 76% retrace which is not bullish price action. 2) Based on Time, the USD is due to make a move into its longer term 5-6 month Intermediate Cycle Low.
If I am correct in my analysis, the next USD Trading Cycle should top quickly (on or before day 8) and fail into a Left Translated cycle.
Thank-you SC, we have to get our exports in quick by May to get more Yuan for $. The tough part is the PBOC may issue surprises like it did from it’s first announcement to manage float within.5% of CNY/$, then 1% and last was 2%. Not sure if the tout about’free float’ may be seen to show Trump it’s not manipulating. However this unpredictable Trump may play the game both ways to peg $ in favor of higher Yuan , who knows?