From Gold Scents:
... The dollar is now at great risk of forming a left translated three-year cycle. A break below the October 27 intraday low would initiate a pattern of lower lows and lower highs of an intermediate degree.That is usually a sign that a major cycle has topped. If the dollar's three-year cycle has topped after only five months, we will be at great risk of a severe currency crisis in the fall of 2014 when the next three-year cycle low is due.
Even more concerning is if the CRB cycle has bottomed. If it has, then commodities are poised for a huge surge higher during the next two years as the dollar deteriorates.
The next two weeks are going to be critical for the dollar. It must hold above...
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More on the U.S. dollar:
It's all about the dollar and Ben Bernanke now
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Richard Maybury: The next war could kill the U.S. dollar