The female menstrual cycle is regulated by hormones secreted by the hypothalamus-pituitary-ovary axis. During the cycle, the levels of hormones like estrogen and progesterone fluctuate. In the ovarian cycle, follicles develop under the influence of FSH and LH, with one follicle becoming dominant and ovulating around day 14. If pregnancy does not occur, the corpus luteum breaks down, ending the cycle. Polycystic ovarian syndrome is characterized by high androgen levels, irregular periods, and cysts in the ovaries, which can be caused by insulin resistance linked to obesity.