My close up chart work shows the USD is on day 19, which is the early part of my timing band to find short term Trading Cycle Low. Friday’s price action shows the USD backtesting its breakdown below the 10ema and my Blue Cycle uptrend line. A close above the 10ema will likely signal the TC Low is in.
That said, the USD is also in my timing band to find an Intermediate Cycle Peak. If I am correct on the USD’s longer IC, then we should expect Price to top out on or before day 8 of the next Trading Cycle and then make a lower TC low which would also signal that he longer Intermediate Cycle has topped.
Previous USD Posts: