The Dollar broke below the day 20 low on Friday to extend its daily cycle decline.
The dollar did not deliver any bearish follow through on Tuesday, instead it forms a daily swing low.
Backing out the chart is looks pretty clear that day 20 was not the DCL That makes Friday day 31, placing the dollar in its timing band for a DCL. The dollar formed a swing low and closed above the 10 day MA on Tuesday to signal the new daily cycle. The dollar should rally enough to turn the 10 day MA higher as it emerges from its DCL. We will need to keep on eye on the obvious resistance form the converging 50 day MA and 200 day MA.
Cycle Trading 
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