The dollar last printed its yearly cycle low in August. The dollar broke below the August low this week, producing a failed yearly cycle.
May is month 9 for the current yearly cycle. Nine months places the dollar in its timing band for a yearly cycle low. Since the dollar printed a lower low in May, the earliest a monthly swing low can form will be in June.
The dollar just confirmed a new daily cycle this week.
The dollar is also overdue to print an intermediate cycle low. A break above 93.96 will form a weekly swing low. Then a close above the lower weekly cycle band will signal a new weekly cycle. So there is a good chance that this new daily cycle will trigger a new weekly cycle which will then trigger a new yearly cycle.
But the bigger picture for the dollar is down. The break below the August low was significant. In my Special Dollar Report we will look at the big picture for the dollar. We will look at where the dollar is in its 3 year cycle and its 15 year super cycle. And then we will look at what happened to gold.
This week I am offering a special 6 week trial membership along with the Special Dollar Report for $15. You will receive 6 weeks of Likesmoney Subscribers access along with the Special Report: Fractal Energy.
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and I also post what I call my Weekend Updates.
The Weekend Updates cover:
* The FAS Buy/Sell Indicator
* The Bullish Percentage BINGO
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