Fell Out of Bed


The dollar fell out of bed this morning.

Our framework of expectations has the dollar declining into a yearly cycle low. It seems that the dollar may have revealed its intentions this morning.

DXY00 Commodity Futures Price Chart for U S D

The dollar peaked on day 5. Peaking early in the daily cycle is an indication that it will form as a left translated, failed cycle. This morning the dollar broke below the daily cycle trend line in dramatic fashion. That confirms the dollar is declining into its daily cycle low. A break below 80.153 confirms a failed daily cycle and indicates an intermediate cycle decline.

$$$ weekly

The intermediate cycle peaked on week 2. This is the first intermediate cycle of the new yearly cycle. The dollar failed to form a right translated weekly cycle. Now we turn our attention to the October low 78.998. A break below that forms a failed weekly cycle and confirms the dollar’s slide into the yearly cycle low.



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