The Dollar Loses The 50 Day MA.

After peaking on day 24, the dollar printed its lowest point on Friday.

Friday was day 35, placing the dollar deep in its timing band for a DCL. A swing low and close back above the 50 day MA will signal a new daily cycle. A break above 91.81 will form a daily swing low.

The dollar closed below the 50 day MA on Friday. If the dollar were still in the advancing phase of its intermediate cycle then the 50 day MA should have acted as support for the DCL.  Closing below the 50 day MA signals something more sinister afoot.  This has bearish implications for the yearly cycle, the 3 year cycle, and 15 year super cycle. Which is something that I discuss in detail in the Weekend Report.

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