CapMoore

Weekly R1 Caps Price Action Pre NFP

FX:EURUSD   Euro Fx/U.S. Dollar
191 0 1
Price has dropped sharply after reaching the Weekly R1. It
looks like profittaking before the NFP release today.
Trend has turned bearish on the hourly timeframe. On H4
tf support comes in by the upper Kumo Cloud and the 3rd
quartile of the Pitchfork (and Daily R2).
Generally, the sharp drop from Weekly R1 may hint weakness
and we may see consolidation ahea (with price trading between
Weekly R1 and S1, IF the Weekly close comes in below the
R1 at current top (1,1383).
Strong NFP number, inducing a sharp drop, should find support
by the lower Kumo Cloud/Lower Pitchfork band and
the yet untradet Monthly Pivot Point . Weak figures may
push price towards the first target at 1,1480 (Monthly R1)
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out