Currencies

<p>The dollar index displays a very clear 5 wave decline on hourly charts after what was a 3 wave advance upwards in the previous bounce. Both are second waves of different degrees. This is wave 2 of 3 up that should end here near the wave iv high of the previous fall or if it goes higher near the 61.8% retracement mark near 91.03. The bear market in the dollar is not over and we are not going to rally in USD based on EW charts.</p>
<p><img src="https://api-media.indiacharts.com/public/images/article-images/dxy14038.png" alt="Both are second waves of different degrees. This is wave 2 of 3 up that should end here near the wave iv high of the previous fall or if it goes higher near the 61.8% retracement mark near 91.03" width="725" height="827" /></p>

A 5 wave decline for the Dollar again