Life with no hikes
If somebody had any doubt about if a rate hike in 2016 was a dream or a reality, the first Friday of September 2016 gave yet another solid answer to the question:
cnbc.com/2016/09/02/us-nonfarm-payrolls-august-2016.html
investing.com/news/economic-indicators/u.s.-august-nonfarm-payrolls-miss,-unemployment-rate-unchanged-423934
Still, the trend is like an oil tanker: need time and effort to turn it around. So, one more leg up for the US Dollar next week.
Target 97-97.05 which would complete an eventual Cypher pattern
If somebody had any doubt about if a rate hike in 2016 was a dream or a reality, the first Friday of September 2016 gave yet another solid answer to the question:
cnbc.com/2016/09/02/us-nonfarm-payrolls-august-2016.html
investing.com/news/economic-indicators/u.s.-august-nonfarm-payrolls-miss,-unemployment-rate-unchanged-423934
Still, the trend is like an oil tanker: need time and effort to turn it around. So, one more leg up for the US Dollar next week.
Target 97-97.05 which would complete an eventual Cypher pattern
Trade closed manually
Wave counter invalidated. Possible trend breakdown on siteNote
Trendline breakdown rejected. Pattern still in playTrade closed: target reached
Let´s see if we start a decline by tomorrow
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
Related publications
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.
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
Related publications
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.