USD Intermediate Cycle Update

October 17, 2017

I need to see a bit more follow through confirmation in the days ahead, but it sure looks to me that the USD found support at the 50ma and found a short term Trading or Daily Cycle Low (TCL/ DCL) last Friday on day 24.

If I am correct, we are on day 1 of Trading Cycle #2 and this also means that the USD has found its longer term 5-6 month Intermediate Cycle Low (ICL) back in early September near the 7 month mark. My first chart is a close up daily that shows the price action.

My second chart is a 2-year weekly showing the overhead resistance the USD will need to overcome if it is to test or breach my Red Yearly down trend line.


During 1500s the Spaniards had taken 16,000,000 kilograms of silver from Peru.

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