iML TV TradeHouse NFP Price Projection Bullish AUDUSD
AUDUSD Price Projection for Non Farm Payrolls March 9 2018
DXY Signaling Possibility of a Bearish Push later in the week and NFP would be the best way to push price towards expected bullish target level at .79200
Potential 20 pip Buy Zone at 0.766 - 0.764 with a comfortable stop loss beyond 0.762 (consider your broker spread etc)
Intraday trend of AUDUSD is currently Bearish.. but we will see how the story of this chart evolves during the week!
Key Fundamentals that I believe influence the movement of this trade idea are as follows:
EST TIMEZONE
Tuesday March 6
4:35pm AUD RBA Gov Lowe Speaks
5:30pm USD FOMC Member Brainard Speaks
7:30pm AUD GDP q/q
Wednesday March 7
8:15am USD ADP Non-Farm Employment Change
8:20am USD FOMC Member Dudley Speaks
10:30am USD Crude Oil Inventories
7:30pm AUD Trade Balance
Friday March 9 @ 8:30am
USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Trading can contain substantial risk and is not suited for every investor. An investor could potentially lose all or more than their initial investment. "Risk capital" - is money that can be lost without jeopardizing ones financial security or life style. Only "risk capital" should be used for trading and only those with sufficient risk capital should consider trading. iMarketsLive is not a licensed financial advisor nor does it or give out financial advice. The user of products and/or services assumes full risk and responsibility for their trading activity. Past performance is not indicative of future results. Individual results will vary due to a variety of market and timing conditions.
DXY Signaling Possibility of a Bearish Push later in the week and NFP would be the best way to push price towards expected bullish target level at .79200
Potential 20 pip Buy Zone at 0.766 - 0.764 with a comfortable stop loss beyond 0.762 (consider your broker spread etc)
Intraday trend of AUDUSD is currently Bearish.. but we will see how the story of this chart evolves during the week!
Key Fundamentals that I believe influence the movement of this trade idea are as follows:
EST TIMEZONE
Tuesday March 6
4:35pm AUD RBA Gov Lowe Speaks
5:30pm USD FOMC Member Brainard Speaks
7:30pm AUD GDP q/q
Wednesday March 7
8:15am USD ADP Non-Farm Employment Change
8:20am USD FOMC Member Dudley Speaks
10:30am USD Crude Oil Inventories
7:30pm AUD Trade Balance
Friday March 9 @ 8:30am
USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Trading can contain substantial risk and is not suited for every investor. An investor could potentially lose all or more than their initial investment. "Risk capital" - is money that can be lost without jeopardizing ones financial security or life style. Only "risk capital" should be used for trading and only those with sufficient risk capital should consider trading. iMarketsLive is not a licensed financial advisor nor does it or give out financial advice. The user of products and/or services assumes full risk and responsibility for their trading activity. Past performance is not indicative of future results. Individual results will vary due to a variety of market and timing conditions.