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USDOLLAR Constructive Trade off of August 2015 Low

USDOLLAR Constructive Trade off of August 2015 Low

2016-04-21 19:45:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USDOLLAR Constructive Trade off of August 2015 Low

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The USDOLLAR index has rebounded from the August 2015 (8/24 specifically) low the last 3 days. This is also the bottom of a downward sloping channel. The manner in which today’s trade unfolded (long lower wick…outside day) indicates support and is promising for formation of at least a near term low.

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

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