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What can we expect from Thanksgiving?

Greetings, dear traders! Today, November 28, like every last Thursday of November, Thanksgiving is celebrated in the United States. A very respected holiday in the States Currency exchanges do not work on this day and thus, many analysts predict lower volatility on this day. On the one hand, this is logical, but I decided to conduct a comparative analysis of volatility on this holiday for American exchanges for the most popular currency pair for several years which is the EUR / USD currency pair.

So, EUR / USD in 2016:

analytics5de067c318ebf.png

The volatility of the pair is about 50p. This day was a local downward trend reversal.

EUR / USD in 2017:

analytics5de067d7dd255.png

The volatility is 120p. After this day, the trend changed direction for a week.

EUR / USD in 2018:

analytics5de068141d09d.png

The volatility is 50 p, but it was already on the eve after it declined by 80 p in the market.

These were Thanksgiving Days from 2016 to 2019. As you can see, volatility is not so low, especially in 2017.

Now, it is up to you how to use it. In any case, be careful when the Asian session opened after this day.

Good luck in trading!

The material has been provided by InstaForex Company - www.instaforex.com
via What can we expect from Thanksgiving?
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