Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
USDOLLAR Fails at Wedge Resistance for 6th Time Since June

USDOLLAR Fails at Wedge Resistance for 6th Time Since June

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

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

-The USDOLLAR has pulled back from wedge resistance for the 6th time since June. The response at the wedge line certainly deserves bearish consideration. Previous longer term comments are worth keeping in mind; “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.