Because 30 went back and forth during the day on Friday, and as a result we ended up forming a relatively neutral candle. This is not a surprise on a
Because 30 went back and forth during the day on Friday, and as a result we ended up forming a relatively neutral candle. This is not a surprise on a Nonfarm Payroll Friday, which of course brings a lot of noise into the marketplace. However, the reality is that hiring did pick up in the United States, and as the Dow Jones 30 is full of blue-chip stocks, it makes sense that people will start to buy those companies as the economy looks a bit healthier. With this, we remain bullish and are buying pullbacks and show signs of support and of course breakouts to the upside.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
