The dollar has been in an extended sell-off since early January. The dollar printed its lowest point on Tuesday, July 1st. That was day 13 for the daily cycle, which is normally too early to expect the DCL to form. Often times there is exhaustion after an extended sell-off and we see an early DCL form — which appears to have happened here. The dollar formed a swing low on Wednesday. The dollar went on to close above the 10 day MA on Monday so we will label day 13 as an early DCL. The dollar should turn the 10 day MA higher as it rallies out of its DCL. The dollar may have also formed its intermediate cycle low — something that I plan to discuss in the Weekend Report.
Cycle Trading 
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