It’s been a brutal day across global risk markets.
-Coronavirus continues to spark pandemic fears, and related economic slowdowns have become more-and-more likely as the virus has yet to be contained in a number of major economies.
The US Dollar has gained approximately 1.7% today, adding on to the prior bullish move to total a 3.89% move from this week’s low. but momentum has pushed down creating a wick on the dauly chart.
On the 4H chart it seems very bearish if i wher to take this one i would wait or place a sell stop oder at fib level 0 (97.20)
should the VIX KEEP RISING IT WILL DEFINITELY BE BEARISH FOR THE REST OF THE WEEK.....
-Coronavirus continues to spark pandemic fears, and related economic slowdowns have become more-and-more likely as the virus has yet to be contained in a number of major economies.
The US Dollar has gained approximately 1.7% today, adding on to the prior bullish move to total a 3.89% move from this week’s low. but momentum has pushed down creating a wick on the dauly chart.
On the 4H chart it seems very bearish if i wher to take this one i would wait or place a sell stop oder at fib level 0 (97.20)
should the VIX KEEP RISING IT WILL DEFINITELY BE BEARISH FOR THE REST OF THE WEEK.....
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