Can someone explain to me what the hell happened today? I’m a new Forex trader on a Demo account so no harm no foul in my real life, but coming into the day all I’ve heard is how DXY was going to soften…if it crossed below 91.5 it would drop further. USD is softening as a whole. All the technical indicators looked as such.
I had a standing short order to trigger at 91.5 which hit this morning. Early in trading it was looking good and then bam, out of nowhere it turned on a dime. DXY went up, my $200 profit turned to what is currently $1000 loss and counting. I normally would have stopped out by now, but I moved my stops back to see how this plays out since is fake money…
The US stock market had a tough day, is that why USD strengthened? If so then why.
Again, I’m not upset since it’s all pretend money, but I’m treating it like real and I want to know what happened.
Any insight would be very appreciated!