Loading ...USD Cycle
The USD just failed its most recent Trading Cycle today on day 17. I show that it peaked on day 9 and is now seeking out a TC Low here. When a shorter term TC fails for any asset, this usually also signals a decline into the longer Intermediate Cycle Low as well.
The green arrows mark the previous two TC lows (higher lows). Note that since Aug 2015, the USD has made a series of higher TC lows and we are also in the timing band to seek out the longer term Intermediate Cycle Low (Month 5).
