US Dollar Index - 9th January 2024 | @ 180 Days | + 3.02%
Last trade: + 3.02% | 'B' class signal detected in US Dollar Basket / Index. Running at an average wavelength of 180 days over 14 iterations since June 2017. Currently troughing.
ΣL Cycle Summary
This excellent wave in the Dollar Index is currently the dominant driver of price action - at least over the last two iterations and certainly shows stationarity for a prolonged period in our sample of 14 iterations, since mid 2017. The most recent down leg was typified by a linear move, largely attenuating the shorter wave around 80 days in the process and almost completely retracing the up leg. The result is an almost entirely neutral cycle from the last low of this component in July 2023. The next peak is due at the end of the first quarter this year, time frequency analysis below showing the details of this and further characteristics.