TECHNICALS:
1.
- Double top bearish reversal pattern formed
- Neckline @ ~ 19.46
- Currently neckline is being broken, if next 4h candlestick closes
below I will go short
FUNDAMENTALS:
- Three high volatility news items today for USD
- Average Hourly Earnings , Non-Farm Employment Change + Unemployment Rate
- Could provide a lot of volatility for USD pairs + commodities so trade with care
- As well as this geopolitical tensions are increasing with Trump "firing the first
shot" in the trade war with China today at 12pm EST.
- If this were to escalate further could prove very bearish for US dollar.
Appreciate any thoughts, comments.
Thanks for reading,
James
1.
- Double top bearish reversal pattern formed
- Neckline @ ~ 19.46
- Currently neckline is being broken, if next 4h candlestick closes
below I will go short
FUNDAMENTALS:
- Three high volatility news items today for USD
- Average Hourly Earnings , Non-Farm Employment Change + Unemployment Rate
- Could provide a lot of volatility for USD pairs + commodities so trade with care
- As well as this geopolitical tensions are increasing with Trump "firing the first
shot" in the trade war with China today at 12pm EST.
- If this were to escalate further could prove very bearish for US dollar.
Appreciate any thoughts, comments.
Thanks for reading,
James