Markets resetting on Nvidia and tariffs, trading short USD/CHF [Video]

Brad Alexander FX Large Limited

You can see the ups and downs in price action on the NASDAQ which was based on US tariff indecision.

Today, this big fall has been driven by the news on Nvidia and then by the proclamation that tariffs will go ahead 4 March, against Mexico, Canada and China.

Personally, I was trading during the first Trump presidency and this is what happens.

Expect volatility and get in and out of your positions before the unexpected happens.

You can see that all the US Indices have fallen dramatically.

You can also see that the 200-day SMA is acting as a dynamic line of support in a technical bullish market.

However, before going long, wait for confirmation and watch the news!

Also, we have just published our latest video on cTrader so check out our YouTube page and the link will be posted in the description of this video.

USD is stronger on the selloff in the stock markets and, if the situation is temporary, we may have a short opportunity.

For example, price action on USDCHF may have reached the upper line on this trend channel.

The stochastic oscillator is overbought and turning down.

If we move out to the one-hour chart we see the MACD signal line passing out of the histogram which is a bearish signal.

Gold didn’t quite make it to $3,000 and with the stronger USD XAUUSD has fallen.

The stochastic oscillator is still looking bearish and the signal line has passed out of the histogram on MACD.

Impending peace in Ukraine, should have a negative impact on gold so keep an eye on USD, geopolitical news and tariffs, of course.

That’s all for now.

CFDs and FX are leveraged products and your capital may be at risk.

Author

Brad Alexander

FX Large Limited

Brad became fascinated with the Currency Markets from a young age and researched fundamental analysis.

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