The initial react to the 50 basis point rate cut saw the dollar rally. The dollar found support at the 100.25 level and formed a bullish reversal. Wednesday was day 16, which is early to expect a DCL to form. But the intermediate cycle… Read on blog or Reader Cycle Trading Read on blog or Reader Is The Dollar Toast? By likesmoneystudies on September 19, 2024 The initial react to the 50 basis point rate cut saw the dollar rally. The dollar found support at the 100.25 level and formed a bullish reversal. Wednesday was day 16, which is early to expect a DCL to form. But the intermediate cycle is at 38 weeks, placing the dollar deep in its timing band for its ICL to form. So it is possible to see a shortened daily cycle here. However ... Overnight we can see that the dollar is in the process of being rejected by the declining 10 day MA. A close below the support level could trigger a bloodbath phase for the dollar. Which precious metals seem to be sniffing out. Comment Like You can also reply to this email to leave a comment.

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