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I broke down the bearish case for the dollar in last night’s post.
We also acknowledged that the dollar has entered the timing band to print a daily cycle low with in the next week.
And then we look at the possibility of Monday being the cycle low.
Well Tuesday the dollar took the first step in that direction.
Tuesday was day 19 or, because of the swing low, possibility day 1 for the dollar’s new daily cycle.
The next thing we will be watching for is a break of the declining cycle trend line.
That will confirm a new dollar daily cycle.
Since the weekly cycle has broke below the weekly cycle trend line, the weekly cycle is in decline and I expect that to influence the daily cycles.
I would not be surprised to see a short rally that back tests the intermediate cycle trend line, then rolls over continuing the intermediate cycle decline.
In other words, I suspect this dollar rally is likely to be a bump in the road.
The Miners managed to close higher despite a stronger dollar.
This is a good sign that the miners are (initially) ignoring the dollar’s attempt to rally.
Oil also seemed to be able to shrug of a stronger dollar.
Maybe the Miners and Oil are sniffing out that any dollar rally will be short lived.
Cycle Trading 
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