It looks like we have a large diametric that we are now in wave E of. Wave E must have at least time to the vertical line on the chart. Keeping the red range is expected to complete wave E. The targets are clear on the chart. Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and...
NFP price has climbed its way out of the triangle or falling wedge plotted and is looking to attempt to find support on the upper trend line of the triangle Once support is found bullish activity will ensue Overall the trend is down on this 4Hr chart but I expect a reversal due to the break above the triangle or falling wedge
OANDA:GBPUSD has moved more than 100+ pips down on NFP. Currently, It has been forming Higher Highs and Higher Lows of 15min TF indicating the potential correction of unsustainable new momentum. We can look for long opportunities
THE KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in...
By analyzing the #Gold chart on the 2-hour timeframe, we can see that the price finally filled its old FVG and entered the $2386 supply zone, followed by a sharp decline. The price corrected over 500 pips down to $2332! Note that this significant drop in gold created a large FVG. If today's actual NFP rate is announced to be lower than the predicted rate, it will...
With the NFP data coming in hot for the USD, which is unfavorable for all assets trading against it, we are closely monitoring both Bitcoin and Ethereum. We anticipate a sweep of the lows to clear out some liquidity before the uptrend continues. For Bitcoin, we believe the current weekly VWAP or the current weekly VAL, supported by the pwVAH, should hold BTC....
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial...
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial...
Futures Trade Cautiously Ahead of Jobs Data U.S. stock index futures showed minimal movement on Friday as investors awaited a crucial employment report. This report is expected to confirm increasing slack in the U.S. labor market, potentially providing the Federal Reserve with more flexibility to cut interest rates later this year. Technical Analysis the...
Gold price (XAU/USD) trades with mild negative bias after retracing from fresh two-week highs during the European trading hours on Friday. Investors now opt to move to the sidelines and wait for the release of the closely-watched monthly employment details from the United States (US). The popularly known Nonfarm Payrolls (NFP) report will play a key role in...
Technical Analysis of SPx the price will move under the NFP and the Unemployment rate pressure, so the movement will be huge for the indices. Bullish Scenario: For a bullish trend to emerge, the price must stabilize above 5260, potentially pushing up to 5302. If the price surpasses this level, it may indicate the start of a new bullish trend of about 5347....
#GOLD- well guys market perfectly placed your targeted area 2376 78 Now we have upside resistance area from 2380 to 86 That region will play key role with upside channel line. Let see what will be from market from your expected area. Keep close it and don't be lazy here.. Good luck trade wisely
The Japanese yen is steady on Thursday after showing sharp swings throughout the week. In the North American session, USD/JPY is trading at 156.27, up 0.10% on the day at the time of writing. Japan’s consumers have been holding tight on the purse strings as inflation remains high and economic conditions remain gloomy. In March, household spending declined to 1.2%...
Given the increasing likelihood that the ECB will cut rates before the Fed, further EUR/USD depreciation could be anticipated in the coming days/ weeks. A move below the 100-day moving average would have traders looking toward the 200-day moving average of 1.0853. However, weaker jobs data from the US this week is tempering this expectation, which means some...
We expect NQ to reach for a discount area around 18492 before pushing higher towards yesterday's high at 18750. News at 10am might play aN important role in this push. Otherwise we expect NQ to clear yesterday's high without sweeping Liquidity @ 18512
Dollar Watch: JOLTs, ADP, NFP It's US jobs week. Which gives us at least three trading opportunities, scattered out nicely over the whole week. First is the JOLTs Job Openings report. Second is the ADP Employment Change report. Finally, we have the Nonfarm Payrolls (NFP) report. Let's look at what happened last month: Nonfarm payrolls increased by...
Greetings, Traders! Brief Description🖊️: We are in the first week of June, a period marked by high-impact news, including the Non-Farm Payroll (NFP) report. In this video, I will provide an in-depth analysis of the DXY and GBPUSD pairs, offering valuable insights for the upcoming week in trading. Things We Will Cover👀: Lecture on Draw On Liquidity🧠: ...
Key factors for EUR/GBP trade next week With a European Central Bank (ECB) decision due next week, a trade in the GBP/EUR could be of interest. Presently, the EUR/GBP is trading at the lowest rate since August of 2022. The divergence in monetary policy between the ECB and the Bank of England (BOE) is what could be driving this weakness in the EUR. E ECB...