
The dollar broke below the January low on Thursday. Breaking below the previous intermediate cycle low forms a failed intermediate cycle.

The dollar typically forms its ICL between 18 and 24 weeks. With this being only week 10 for the intermediate cycle, that implies that the dollar can trend lower for another 8 to 14 weeks before forming its ICL.
In the Weekend Report, I plan to update the dollar in terms of its daily cycle, weekly cycle, monthly cycle, 3 year cycle and 15 year super cycle.
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