Thursday, November 5, 2009
The US Dollar Times & Cycles
The US Dollar has been closely connected to the stock-markets and other markets.
The US Dollar had a 4 fan-line break. The more fanlines it breaks, the weaker it gets and the more likely it becomes we retest the March and July 2008 Lows at 70.70 and 71.30. The trend remains firmly down.
Eversince the July 2001 High at 121.02, we saw a 37% drop to current prices at 75.74, with no signs of reversals yet as daily, weekly and monthly trends remains down.
There is a 112 TD Daily cycle, mostly lows, next due 11/6 +/-.
There is an 82 week Cycle due on the 12/11 week +/-
There is a 73 Month Cycle of Lows, next due in December 2010.
US$ Dollar Daily CITs: 11/9, 11/17, 11/23, 12/1, 12/5
US$ Dollar weekly CITs; 12/28-1/1/10 and 8/6/2010 week.
US$ Monthly CITs: January 2010 and July 2010
Posted by Raj Time and Cycles at 2:00 PM