US dollar INDEX 4HR PROJECTION
The US dollar has been bearish for some time now, as we can see from the above 4hr descending channel.THE lower trend line that has been acting as support since April last month has been respected anytime price gets to test it, price has currently rejected it for the 5th time considering the current test and at the same time formed a clean regular divergence that depicts REVERSAL in correlation with our Relatives strengths Index.So right now I'm expecting a reasonable amount of strength from the US dollar.
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