The dollar printed its lowest point on day 16, which is too early to expect a DCL to form.
While the dollar was rejected by the declining 10 day MA on Thursday — it did not deliver any bearish follow through on Friday. The weekly chart shows that the dollar is sitting on support from the 200 week MA. So it is possible that the 200 week MA will provide support for a DCL to form. A close above the 10 day MA will have us label day 16 as an early DCL. What is clear is that the dollar is currently in a daily downtrend. The dollar will remain its daily downtrend unless it closes back above the upper daily band.
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