The rally line that seems to have defined the dollar’s rally out of its three year low appears to have put the breaks on the current daily cycle decline and may account for the dollar being a bit frisky today.
An interesting thing that I have noticed is that each time the dollar had a failed daily cycle since emerging from its three year low, the dollar broke below this rally line.
The only other time this line was breached was during a daily cycle decline that did not fail, but was sandwiched in between two failed daily cycles.
The current daily cycle is a failed daily cycle.
Now let’s take a closer look.
The current daily cycle features a day 3 peak and stands at day 15.
The dollar has not breached the declining cycle trend line, which is one of our signals that a new daily cycle has begun.
We can also see how the dollar appears to be crawling up this rally line.
Most times a crawl is a continuation pattern …
The dollar has not yet reached its timing band for a low, so there is still more time for more down side…
The Miners seems too be sniffing this out because they are having a strong day in the face an upp day for the dollar.
It also appears that the former 420 resistance level has now become support.
It seems to me that a decisive break below the three year rally line for the dollar should set off some sparks for the Miners …
Cycle Trading 
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