DAY 16: TRUMP TRUMP
We are back.
It has been a long week but I have been in the forex market as always,even the teacher should go back to his books and learn more.Last week we had monthly closes on all pairs which we are supposed to use to give us direction and momentum into the new month.
POTUS has brought back volatility into the market with the recent tariff trade wars. The previous week saw us range for most pairs but as the month of February starts we might see new trends picking up .So we are looking to catch new trends in the market based on previous data and Dxy(dollar) movement.
Based on DXY, price has been up and down ever since we got recent highs at 110 and performance has been based on volatility.So as we head into a new month we must take note of 1: DXY price and performance. 2: Dxy based on fundamental news.
Because if DXY performs well then we might see a strong dollar which will perform well against other currency pairs.
It has been a long week but I have been in the forex market as always,even the teacher should go back to his books and learn more.Last week we had monthly closes on all pairs which we are supposed to use to give us direction and momentum into the new month.
POTUS has brought back volatility into the market with the recent tariff trade wars. The previous week saw us range for most pairs but as the month of February starts we might see new trends picking up .So we are looking to catch new trends in the market based on previous data and Dxy(dollar) movement.
Based on DXY, price has been up and down ever since we got recent highs at 110 and performance has been based on volatility.So as we head into a new month we must take note of 1: DXY price and performance. 2: Dxy based on fundamental news.
Because if DXY performs well then we might see a strong dollar which will perform well against other currency pairs.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.