DXY LONG TO 112
Going Long on DXY
1. Fundamentals
- fed hawkishness - increasing inflation rates to COMBAT inflation
- declining inflation reports - GOOD
- declining unemployment rates- GREAT
- increasing non-farm payrolls - WOOPDEWOOP
2. TECHNICALS
- on the weekly chart 112 is a significant level
- 4hr chart trend lines have been obeyed since the beginning of this year
- he dxy has broken over the previous high without any strong rejection
Trades:
SHORTING: EURUSD, GBPUSD
LONG: USDJPY
1. Fundamentals
- fed hawkishness - increasing inflation rates to COMBAT inflation
- declining inflation reports - GOOD
- declining unemployment rates- GREAT
- increasing non-farm payrolls - WOOPDEWOOP
2. TECHNICALS
- on the weekly chart 112 is a significant level
- 4hr chart trend lines have been obeyed since the beginning of this year
- he dxy has broken over the previous high without any strong rejection
Trades:
SHORTING: EURUSD, GBPUSD
LONG: USDJPY
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