US Dollar Index - 8th November 2023 | @ 182 Days
'B' class signal detected in US Dollar Basket / Index. Running at an average wavelength of 182 days over 13 iterations since June 2017. Currently moving down.
ΣL Cycle Summary
In this new addition to our Dollar Index (DXY) analysis we can now lock into what is notionally the ‘20 week nominal’ wave in this instrument. More coherent and spectrally separated than the recently reported wave at around 78 days, this is one of the main, medium term periodic drivers of price over the last 5 years. Price has likely peaked in line with the cycle peak and we anticipate the next trough of this component to occur very late in the year or towards the middle of January 2024, see targets below for further details.