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goodguy
Nov 27, 2014 7:31 PM

US Dollar about to reverse course? Short

US DOLLAR CURRENCY INDEXINDEX

Description

I see US Dollar as completing a long term triangle and favor there will be one more leg down to a new low. Notice we have a negative reversal in the RSI followed by a bearish divergence which often leads to a reversal as it did in 2005 (at A). IF C is exceeded then this idea is wrong. Take care. Happy Thanksgiving.
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