Using the Fibonacci retracements, we have confirmed a new trend of downwards after pushing through the 61% line and is expected to see a new low.
Just moments ago we had a confirmation of the final decision of a 25% tax on Chinese products and we expect all investors that moved currency to safer currency will move them back.
A new upward trend is highly unlikely!
SHORT
Just moments ago we had a confirmation of the final decision of a 25% tax on Chinese products and we expect all investors that moved currency to safer currency will move them back.
A new upward trend is highly unlikely!
SHORT
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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.