Comment: Although we have a break above the trend line, and positive divergence in the TSI, I feel the cycles support a drop in the USD. I see the RSI and %R both way overbought. Its time for the US Dollar to drop. I see this a technical shake out.
Comment: The USD cycle is getting over extended, at 40 days, thats longer than normal. The RSI and %R are both overbought. I expect a drop any day.
Comment: US Dollar at the 1.27% FIBO point and the upper trend channel line. 47 days into the cycle, its due to plunge here.
Comment: Measured move to the 1.27% Fibo was spot on. Now looking for the golden candle pattern to fill.
Comment: USD playing out perfectly. Oversold right now, so we may get a bounce, but will eventually fall further.
Comment: Dollar could be forming a Bullish Bat harmonic pattern. Can't happen soon enough