DXY Sept. 9-14 2018
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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