Are the dynamics in the forex market starting to change?
From the Savvy Trader
The huge increase in EU defense spending coupled with The US tariffs may be changing the dynamics of the FX market from a responsive sell high buy low market to a trending market within a bigger neutral range.
If this is so then the extent of trend may surprise the complacent.
Let’s look at a timeframe of the next 3+ months
Look at patterns and match the moves (see chart with the green boxes)
 
It is possible that :
1. EurUsd target around the 1.1600-1.1800 area
2. GbpUsd target around 1.3800 and possibly 1.4200
and
3. UsdJpy target 132-128 and possibly the low 120s
Trending markets which are accumulation markets tend to have light pullbacks
The href=”https://global-view.com/is-the-u-s-headed-for-a-recession-by-the-savvy-trader/” target=”_blank” rel=”noopener”>Savvy Trader is a long time highly respected member of the Global-View community.
Add comment
You must be logged in to post a comment.