US Dollar Intraday Rally Update.

The carnage in the stock market seems to have done little to the US dollar as it just kept right on its bullish path since early February.

The US dollar rally is a bearish rally, which could still fill a wave 4 rally a bit more, to match the wave two rally that this 4th wave is part of.

Everybody on the planet has to hate the US dollar before its bearish phase will come to an end. In the long run the US dollar decline could end at a wave 1 bottom in Minor degree after which another US dollar freefall trend should happen. It would be great if this US dollar rally were to finish later this week, but that is a best guess scenario at this time.

The commercial traders are net long the US dollar, but not by any extreme ratio, so they still have very little power behind them.c

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