I believe for the past half year the dollar has been playing Jedi Mind Tricks with us.
The dollar’s rally peaked in January and had an extended selloff until February 29 in what look every bit like an intermediate cycle low for the dollar.
The first daily cycle following the 2/29 low appears to be a normal first daily cycle, printing a higher high and a higher low. But the cycle was left translated, hmmmm.
The next daily cycle was also left translated.
It was during this second daily cycle that the dollar breached the intermediate cycle trend line to signal an intermediate cycle in decline.
This was confirmed when the dollar printed a failed daily cycle during that second daily cycle.
The failed daily cycle occurred during week 9, which should leave another 7 to 13 weeks of dollar weakness because the intermediate cycle low would not be due until then.
Every since emerging from its 3 year low, the dollar has been doing its best to mask its cycles.
I believe that the dollar printed the last intermediate cycle low at the end of October.
Since then, the dollar has been embedded in a large symmetrical triangle consolidation.
So instead of the first week of March making the last intermediate cycle low, it just marked week 18.
The first week in May that breached the lower trend line marks the intermediate cycle low.
And now the dollar just began week 2 of the new intermediate cycle.
The dollar has been up 10 straight days and will take a breather at some point.
Until the daily cycle rolls over, equities and precious metals are not likely to gain any traction.
Cycle Trading 
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