Preferred direction: BUY Comment: The aggressive behavior of buyers of the American currency forced the prices of the main competitors of the USD to decline at the beginning of the week. This affected the euro and pound to a greater extent, but the currencies of the Pacific region also sank. Nevertheless, we continue to adhere to the buy priority in...
Preferred direction: SELL Comment: For the Swiss franc , we continue to follow the buy-priority. Scenario №1 , which we previously published, is already in progress, however, the strengthening of the US dollar at the beginning of this week will most likely lead to the activation of scenario №2 . We also assumed this, and given the fact that the franc is...
Preferred direction: BUY Comment: The New Zealand dollar almost completely copies the situation with the Australian dollar . Here, we also continue to adhere to buy-priority in the medium term. It should be noted that both of these currencies are currently having the best setup for buy among others majors, but even this does not exclude potential short-term...
JOLTS - Job Openings Rep: 8.863m 🚨Lower than Expected 🚨 Exp: 8.900m Prev: 8.889m Long Term Trend (DOWN) Since May 2022 we have remained in a downward sloping channel reducing from 11.85m to current day 8.863m in job openings (see channel on chart). Shorter Term Trend (Turning Down) The number of job openings went down by 26,000 from the previous month to...
Looking at Job Openings data, bear markets end when RSI is below 30, we've just now crossed below 50, we have a long way to go. I think Job Openings need to fall to roughly 1/3 of the current level to 3mil or so down from 9mil, which would still be quite a bit higher than previous bear market bottoms. Equity levels will most likely follow right along.
Gold will go up after JOLTS! Long gold TP 1930-1935
Taken an options position here on USDJPY with a Friday Expiration, hoping to see a break either side. We have the JOLTS Jobs report later today and Non-farm employment change tomorrow so I'm expecting these to provide the boost we need to break out of the range.
This chart examines potential trading positions , and everything is clear on the chart , but just in case ig you had any doubt or questions pls feel free to ask . Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 05.03.2022 ⚠️(DYOR) ❤️ If you...
Gold should show weekness as US Jolts Job data is much better than expected. But since gold have already fallen bad after Friday data, the fall should not be very big. Still short ..