The dollar printed its lowest point last Tuesday, day 24, following the day 11 peak. At 24 days, that places the dollar in its timing band for a daily cycle low.
The bullish divergences on the oscillators indicate that day 24 was the DCL. A close above the 10 day MA will confirm the new daily cycle. The dollar is in a daily downtrend and will remain so unless it closes above below it the upper daily cycle band.
It is worth noting that the dollar has also formed a weekly swing low.
Right now all that I am expecting is a rally out of a daily cycle low. In the Mid-Week Update we will also look at weekly chart to see where the dollar is in its intermediate cycle.
Cycle Trading 
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