I want to start of by looking at the weekly (intermediate) dollar cycle.
The dollar printed a low 2 weeks ago. This week is either week 2 or week 21 of the intermediate cycle.
A break above week 19’s intra week high of 80.43 would form a weekly swing low and a break of the declining trend line would confirm a new intermediate cycle.
Tuesday was day 7 for the daily dollar cycle.
The dollar appears to be in a bear flag.
A downside break would mean that the dollar is still caught in the grips of the intermediate cycle sell off with a possible 2 – 4 before printing a bottom.
That would extend the weekly cycle to possibly to week 23 – week 25.
An upside break suggests that this daily cycle is also a new intermediate cycle.
A break above the declining (black) trend line would confirm a new intermediate cycle.
My studies show that over 80% of left translated dollar daily cycles peak by day 8.
And daily cycles that peak at 12 days or beyond are usually right translated.
The dollar is fast approaching the point of no return on the daily cycle.
The equity daily cycle may give us a hint on what the dollar is doing.
Tuesday was day 15 for the daily equity cycle.
Right translated daily cycles tend to form a half cycle low between days 15 & 20.
That also fits in with so often we see the initial break from a coil being false followed by reversing and trending the other way.
The Miners are on day 17 of their daily cycle. They are now in the timing and to print a low over the next 10 days.
Their daily cycle low should coincide with a dollar swing high
But we need to keep in mind that often times the Miners do sniff out the dollar swing a day early and begin to rally ahead of the dollar.
Nailing down whether the dollar is still in the grips of an intermediate cycle decline or actually in the first daily cycle of a new weekly cycle is the piece that we need to clarify the picture …






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