The intermediate dollar cycle peaked on week 12. Last week, which was week 15, the dollar broke below the previous weekly low forming a failed intermediate cycle.
It is possible that the dollar left behind an early 15 week intermediate low. The dollar began a new daily cycle this week and has yet to reveal the nature to its daily cycle.
Currently the dollar’s daily cycle has a day 5 peak. The dollar is being squeezed between the 10 day MA & the 50 day MA. A break higher will indicate a right translated cycle formation. A break lower locks in a left translated cycle and should lead to another failed daily cycle.