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OP247
Jan 5, 2017 4:39 PM

USDILS Short Short

U.S. DOLLAR / ISRAELI SHEKELICE

Description

There is a wedge forming for USDILS which indicating that the currency will start on a downtrend in around March 2017. I believe that the currency will go down to around 3.72 which was a previous low in April 2016.

We can also see a downtrend showing on the RSI and CCI which further supports the ideology that a downtrend is likely to take place.
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