The Forex Market Was A Rollercoaster During New York Session

I pray for the traders that try to make sense of the New York Session in forex with the markets on a roller coaster ride because of the Coronavirus. AudUsd, EurUsd, and a host of other currencies reversed course after lunch time. This is getting complicated because obviously you have the stock market where the Dow was down 1000 points. So in forex there was already profit taking going on from the week before and now you had currencies establishing new trends for Monday. They have all gave up some of their gains that were made. As you well know I prefer to trade the Asian Session to prevent myself from running into the type of volatility that is being experienced in the markets today. It is going to be a long week for some people that got caught up in the Coronavirus hysteria.

picture by Clifford A. Bryan

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