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USDOLLAR at Wedge Barrier Yet Again; Another Monthly Doji?

USDOLLAR at Wedge Barrier Yet Again; Another Monthly Doji?

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USDOLLAR at Wedge Barrier Yet Again; Another Monthly Doji?

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-The USDOLLAR index has returned to the top side wedge line that crosses the June, August, and September (twice) highs. Also, tomorrow is the last day of the month and the index is currently unchanged for October. In other words, a monthly doji is a possibility. August was a monthly doji and September was a hanging man. Candle patterns are warnings, not signals but the enormity of the situation warrants one’s attention.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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