The dollar printed its lowest point on Thursday day 17, placing it in the early part of this timing band for a DCL. The dollar formed a swing low on Friday. The dollar delivered bullish follow through on Monday, breaking above both the 10 day MA and the 50 day MA to signal day 17 as the DCL. The dollar is currently in a daily downtrend. But a close above the upper daily cycle band will end the daily downtrend and begin a daily uptrend. A close above the upper daily cycle band will signal that the ICL has (finally) been set.
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