Dollar Forms Weekly Swing Low – Can It Break the Weekly Downtrend?

The previous ICL was stretched at 40 weeks.   So it is possible to see a shortened weekly cycle, which helps to balance out the weekly cycle counts. The dollar formed a weekly swing low and closed above the 10 week MA this week so we will label week 11 as an early ICL.  The dollar  is currently in a weekly downtrend.  The dollar will continue in its weekly downtrend unless it closes back up above the upper weekly cycle band.


Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.