Hey everyone. Back with another mark up!
This is what I'm seeing for the DXY for this week Sept. 9-14, 2018.
Following a strong push up on Friday 9/7 with the release of NFP data, I see the DXY continuing its uptrend towards the 96.00 region.
96.00 just so happens to be a 61% retracement from the drop that first began on August 15, 2018.
As you can see we also have just respected the 61% retracement level of 95.9, and the 127 extension falls exactly in line with our 96.00 target.
Hopefully with a bullish dollar this week, that will see a drop in other non USD based currencies so watch out for that as well!
Much love to you all and good luck this week! Happy Trading!
~ Trader Trev
*Trade at your own risk. I am not qualified to give financial advice. This is simply MY PERSPECTIVE :)
This is what I'm seeing for the DXY for this week Sept. 9-14, 2018.
Following a strong push up on Friday 9/7 with the release of NFP data, I see the DXY continuing its uptrend towards the 96.00 region.
96.00 just so happens to be a 61% retracement from the drop that first began on August 15, 2018.
As you can see we also have just respected the 61% retracement level of 95.9, and the 127 extension falls exactly in line with our 96.00 target.
Hopefully with a bullish dollar this week, that will see a drop in other non USD based currencies so watch out for that as well!
Much love to you all and good luck this week! Happy Trading!
~ Trader Trev
*Trade at your own risk. I am not qualified to give financial advice. This is simply MY PERSPECTIVE :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.