The dollar is in the process of forming a bearish monthly reversal.
The bearish monthly reversal will negate the breakout to a 14 month high.
(See below)
The dollar is also in the process of declining into an intermediate cycle low. The gravitational pull of the impending intermediate cycle decline will likely also cause the dollar to be rejected by the convergence of the 20 month MA and the 50 month MA to set up a possible left translated yearly cycle formation. A left translated yearly cycle formation aligns with our 15 year super cycle framework which was covered in the Weekend Report.



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