BountyTrader
Long

USD Towards NFP

INDEX:DXY   U.S. Dollar Index
Hello Traders,

Last week the USD Price Index turn from bearish to Bullish by breaking resistance fractals and now currently hibernating in the Kumo Cloud. I can see the Chikou Span is crossing the price. I can see the Price has managed to form an Inverted Hammer. I'm waiting for the Kumo Span A crossing the Span B to confirm the Bull trend.

U.S. manufacturing growth remained unchanged in April, posting 51.5. The reading was lower than the 52.1 anticipated by,analysts. New orders increased to 53.5 from 51.8 in March but employment,fell to contraction. However, April’s figure still reflects growth. The manufacturing sector os expected to expand further to 52.8.

US Private sector employment increased by 169,000 jobs in April according to the April ADP National Employment Report. The reading missed,predictions for a 199,000 gain and was preceded by a 175,000 increase in March. April job gains fell below 200,000 for the second straight,month. However, the collapse of oil             prices and the rising dollar weighed on job creation. US Private sector is forecasted to grow by 200,000 in May.

Fundamentally US will print NFP report for this week as it is the first month of June. Will the Dollar releasing a Bull? On the debate of weather and what the Chikou - KJ tells..yet again the bright Kumo will confirm a new trend ahead. I am aggressively say yes its a long towards 98-99.2 mark.

Do not hesitate to visit my blog for more information. Cheers!
http://bountytrader.blogspot.com
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out