The dollar broke below the day-32 low on Tuesday, extending its daily cycle decline. Tuesday marked day 37, placing the dollar deep in its timing band for a DCL. A potential trigger for that DCL could come from the Fed’s interest rate decision and Powell’s comments on Wednesday.
With the dollar breaking lower, one might have expected the Miners to rally …
Instead, the Miners dropped 2.07% on Tuesday, forming a swing high. The Miners are now in their timing band for a DCL. Perhaps the Miners are sniffing out the potential for a dollar rally. A close below the 10 day MA would signal the daily cycle decline.
The Fed’s decision may set the tone for the next leg for both markets.
Cycle Trading 
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