DXY - According to PRICE ACTION there is only one DOWNSIDE BIAS for DXY. However, NFP DATA is due to be released today. - DXY 96.54 LEVEL can come to LONG TERM according to PRICE ACTIONS. You need JavaScript enabled to view it DXY SELL. - NFP, UNEMPLOYMENT DATA, AVERAGE HOURLY EARNINGS DATA are very VOLATILE and can be MANIPULATIONS in DXY. Those who...
Dear traders, Crazy times. Especially this month of February was full of action and now this Russia vs Ukraine war started. It affected GOLD so much. I have never seen such a daily candle on the chart. However. we still can benefit from it if we know what to do and manage our risk properly. Clearly, we are impulsing down after a massive rejection. A possible...
We saw Gold aggressively shoot up near market closure on Friday evening with huge bullish momentum indicating buyers are coming back into the markets. However, at the current moment Gold is really overbought and has choppy price action. I will wait for a retracement back towards my POI then analyse price action to see if buyers are about to come in again. This...
The big picture for gold is mixed as the bullish trend appears to remain on hold. However, a descending triangle formation shows that some bearish potential may be brewing with Gold markets, and US rates continue climbing at a higher rate than treasuries. The Fed's next meeting will decide whether or not they're hawkish enough to elicit more significant...
The Canadian dollar has started the week with strong gains, recovering after sharp losses at the end of the week. There are no Canadian tier-1 events on the calendar, so US numbers will have a magnified impact on the movement of the Canadian dollar. The US nonfarm payrolls outperformed in spectacular style, posting a gain of 467 thousand jobs in January. Many...
With BOE raising rates as excepted last week pound/usd prices have been bullish. But looking at the daily chart, I suspect the bearish momentum will continue. Considering the bearish engulfing candlestick formed after NFP news on 04.02.22 I expect the price to revisit the lows made in December.
Expectations next week: XXX/USD sells USD/XXX buys USD positive price after NFP Started the move slightly after NFP, but think we are looking to move off properly next week
Will we see a continuation of bullish strength given Fundamentals / Rate Hike -Bullish Market Structure on 4hr TF -Bullish Market Structure on Daily TF -Momentum bullish -Trading with weekly candle bias - Or Will we see a brush for liquidity and sweep back down towards 1.345
Hello Traders! As you know i'm only focusing on GU and UJ this month. We have been anticipating a GU sell and UJ buy since last week. Here the opportunity finally presented itself. Now next week we will talk about what's next.
Just like you I was expected a bad report on the NFP, but looks like the US job report surprised us. 467K was the actual news release data, with a consensus prediction at 150K, the pound dropped significantly, and will continue to. we are currently in a swing sell trade, let see how this plays out. Target 1 & 2 is in play for today's swing.
Hello Traders! I believe we are still going to see a push to the downside from 1807-1809 area at least to 1787-1788 before we see any correction I would just be very cautious when it comes to risk management as we have NFP today and price could prove to be very volatile. Happy trading wishing you a great day ahead and happy weekend in advance Please do not...
Hello Traders, we were expecting the shorts to play out pre-NFP but since that did not happen, we are currently anticipating price to react from 1819-1825 for shorts. The rejection could be just a spike from news events and a quick continuation to the downside. GOLD is still very bearish and has potential to reach to the 1760 level ! I will not be taking...
The British pound is slightly lower in Friday trading. It has been an excellent week for GBP/USD, which has gained 1.26%. If the pound can maintain these gains during the day, it will mark the currency's best weekly showing since December 2020. As was widely predicted, the BoE raised rates by 0.25% at Thursday's meeting. This brings the key rate 0.50% and was...
This is our view for NFP today, 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 can cause aggressive swings in price. We’re going to start...
I will be placing this order on USDCAD today, it seems logical to me. Due to NFP, risk will be reduced dramatically. This is my only trade of the day, good luck traders. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER : Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk...
Dear traders, There we go. Another crazy NFP day. As you can see from my markup, I'm expecting a short from the 4H OB where the price is currently at. Also, the price is respecting the trend line. One thing to note: That long bearish wick, which has been initiated by yesterday's news, penetrated the TL and came back to close bullish. The same thing can happen...
TGIF all, I wanted to share my opinions to the chart of DXY . I see DXY still successfully produces lower highs while finding supports on 9 months old (blue) trendline. In my opinion, DXY is still bullish above 94.60. We observed a correction lately on DXY from the 97.5 levels. Demand to dollar increased due to the expected rate hikes of Fed but the price...
Most likely today gold will be one of the most volatile instruments. It's all about NFP. However, approach to 1780.55 is expected. If, nevertheless, the metal goes up, then the price will hit the level of 1850, where strong resistance is located. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!