Hi Traders! USDJPY's bullish outlook is still in play after a better-than-expected NFP announcement to end the week on a positive note for the US dollar after a bad week of data releases. The number came in at 187k, beating analysts expectations of 169k. USDJPY before the figure was around the demand zone at the 145 level and is now trading just under the 146...
XAUUSD has had a nice pump recently, looking at previous data, I can see that +12K is forecast for this months NFP. This should boost the Dollar. While dropping gold and other pairs. Ive entered Sells around NY opening, will hold through NFP with a bigger than usual SL. Time will tell, always use risk management, and extra caution when trading news. Its...
hi all HIGH RISK and HIGH possibility an unsuccessful setup rejection at 50% retracement... waiting retest **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
S&P 500 INDEX MODEL TRADING PLANS for FRI. 09/01 As we wrote in our trading plans published Mon. 08/28: “If we get a daily close above 4415 today then our models will flip to a moderately bullish bias. If not, they will continue to sport their bearish bias”. We got this confirmation with Monday's close, and our models have turned cautiously bullish on Tue. 08/29....
US30 is on a bearish trend after opening and closing yesterdays New York session with strong sell. We should see a retest to the upside and have more bearish moves at the release of the NFP reports and the opening of the New York session.
We have NFP today, NAS100 is forming a bearish trend, it is at a resistance level and we should see massive sells to the downside at the the open of the New York session and at the release of the NFP reports.
Hi Traders! There are potential warning signs that the outlook for the US dollar is not as strong as we hoped. Bad data has been coming out of the US this week, leading to traders being very nervous about tomorrow's NFP announcement. This technical analysis on the charts also supports this. The market is currently in an ABCD formation, and the demand zone at the...
Yesterday EURUSD pulled back from the resistance followed by over 100 pips drop. US jobs data is coming today. The news is one of the most important for the USD and expect a reaction. We’re watching for continuous of the downside move and heading towards the low at 1,0760. Upon a breakout the next key support levels are 1,0700 and 1,0647.
Can we see a breakout for Gold? Gold has been trending bullish for weeks now. Is this the chance for it to breakout of the previous resistance? Friday's NFP will play a significant role in deciding that.
Today's focus: USDCAD Pattern – Support hold, retracement Support – 1.3517 Resistance – 1.3597, 1.3640 • USDCAD price sits at a junction. • USDCAD failed at its latest key resistance test. Hi, and thanks for checking out our latest market update. Today, we have run over the USDCAD on the daily chart and discussed oil and the USD index, as well as upcoming news...
Focus is growing on the upcoming nonfarm payrolls (NFP) report. In August, it's expected that there will be about 170,000 new jobs (compared to 187,000 in July). The days leading up to this report have had some not-so-great job-related data, like the JOLTS and ADP reports. This has heightened expectations that the NFP might show fewer jobs than expected. The US...
Good Day mates Happy new week - even though its already Wednesday. Time away from the charts is always a good thing. This week we have major US news - Previous week liquidity all taken - Liquidity Gaps created - Bullish price action - Breaking previous highs Last week the 4hr flip zone (34679) held strong. Price respected this zone very much. Price kept...
Focusing on the return towards the weekly support at this point. There is a clear rejection from here so I will look to short from this zone.
BIG PICTURE UPDATE: - We are not yet in a recession but most likely are headed towards one some time between Nov 2023 - April 2024. - Stocks will peak within 1-2 moths of a spike in Jobless Claims - Yields will continue to rise until something bad happens to the economy and the Fed is forced to do QE - With yields rising, they will take the Dollar higher...
The 4-hour chart on the EUR/USD displays a possible bearish bias, but there are some indications of consolidation after the small rebound observed on Friday. At present, the price is lingering around the 20-day Simple Moving Average (SMA). To improve its bullish outlook, it would be necessary for the Euro to hit 1.0840 and for other technical indicators (that have...
By examining gold in the 4-hour time frame, we see that the price is still trading in the range of $1932! I have specified 2 scenarios on the chart, in both cases I expect gold to fall more, but due to the extreme fluctuations that will caused by the announcement of NFP changes, moves may be made to collect liquidity, so be careful! The ranges and important supply...
🔰 Pair Name: GOLD/XAUUSD 🔰 Time Frame: 1H/4H 🔰 Scale Type: SMALL Scale 🔰 Direction: LONG/BUY 📈 Fundamental Point of View 📉 Gold price experienced a strong rebound after the US NFP report fell short of expectations last Friday. In July, fresh payrolls were 187K lower than the consensus of 200K, although they were marginally higher than June's print of 185K. The...
Daily Bullish Trend May Resume on Today NFP. Expecting a Friday New York Reversal Today. Wait for M5/M15 (MSS) and then Enter.