This Update will provide both a near term and long term update on the USD and where I think it stands in its short and long term cycles. My first two charts are the same near term daily chart. The first provides my cycle counts for the past 6 Trading Cycles. The second shows a potential Blue Fork Channel that should hold it. USD did find a TC low on day 17 last week.

Remember that I am still expecting Gold to find its next Intermediate Cycle Low in the May/June timeframe probably when Gold also finds its Trading Cycle 4 low. Basically I don’t see how Gold can find an ICL with the USD moving lower right now. Therefore I believe the dollar has found a short term low.

The last thing to note on these two weekly charts are the long term divergences on both the RSI and MACD as the USD has moved higher. My last chart shows a fractal pattern of these same divergences at the USD’s last 15 Year Super Cycle top.