The huge demand in USD currency caused by the virus, has given it a lot of strength against majority of the currencies. We all know how the USD is the currency of choice in global trade. As more and more countries scramble to mitigate the spread , they pump alot of money into supplies.
Another factor that contributes is how majority of traders opt to for the USD as a safe haven alongside Gold ofcourse.
A neat short position awaits on this channel, on the 4 hour timeframe. Entry: 108719
SL 30 points
TP 90 Points
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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.
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.