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USDOLLAR Constructive Trade off of August 2015 Low

USDOLLAR Constructive Trade off of August 2015 Low

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

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

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

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