The dollar broke below its previous daily cycle low on Tuesday to form a failed daily cycle to signal the intermediate cycle decline.
This is only week 7 for the intermediate dollar cycle. Since the dollar prints its ICL on average every 20 – 24 weeks, that indicates that the dollar could trend lower for the next 13 – 17 weeks before printing its ICL
I believe that the dollar is not only seeking out its 3 year cycle low, but its 15 year super cycle low as well, something that I plan to discuss in the Weekend Report. Back in 2008 was the last time the dollar printed its 15 year super cycle low. Gold rallied over 50% during the super cycle decline.