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Not going to happen. $USD is in a downtrend on its way to a lower low near $91.80.
We’ll see. It needs to hurry up if it’s going to do it as the cycle is about to run out of time.
I’m gonna have to go ahead and agree with John on this one.. The dollar is clearly in a downtrend and my Weekly indicators (which are usually pretty spot on) are still extremely bearish!
Gary: Can we honestly rely on short-term cyclicality anymore? What with all the ‘bs’ that’s going on in the world of Finance..
The indicators will always be pointing down when an asset is working it’s way into a cycle low. That’s why I use cycles. They tell me roughly when it’s time to start ignoring the indicators and expect a turn.