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May 26, 2014

Is the Dollar Signaling Crisis?

Friday's action brought one, important development: the move to a Day 11 high by the dollar's daily cycle. Generally, left-translated daily dollar cycles will peak by Day 8, so the new high posted by this cycle shifts the odds heavily toward seeing a right-translated... and therefore bullish... cycle. The implication of this action is that an intermediate low formed in early May. Even as the buck delivers this important signal ...


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