Non farm payrolls coming up all technical and fundamentals to be put to the test today let's go traders bring it home. Well from the weekly up to our lower time frames the EURUSD is in a clear UPTREND we should be looking for buys only now. Confluences 1.Market on the 4h time frame has been consistently Breaking structures. 2.Market has been and should continue...
The sentiment has been to sell USD as we start the new month in the fx market. Fundamentals haven't favored the dollar as covid numbers continue to rise and Non-farm Employment change has been disappointing. I see an opportunity for Gold to continue its trend upwards from August as we hit a slight resistance level at $1815.00. A price pullback may be just what...
EURUSD before NFP! Just like every first Friday of the month- today we expect the NFP report. This is a type of event that causes big fluctuations and it's capable of reversing trends. That's what we expect to see today- a trend reversal or a trend confirmation. We currently have a nice uptrend on EURUSD which provided us with some good buying opportunities....
Looking at the market before NFP it looks like a sell with a wick being left. To make it simple, i think with the current structure and the double top liquidity, i think price will be drive hard down to fill the imbalance before pushing up higher whilst liquidating as much retail as possible
Hello Traders With EURUSD its better to do mini chart, everyday, every news can change this valuation Scenario 1 ------------- I expect a retracement to 1.18370 Scenario 2 ------------- Reversal Around 1.17 Tomorow i expect a small move before NFP Meeting on Friday 03/09/2021 (Huge Impact on USD) Good Luck, this is just a idea not a financial advise
The dollar has come under pressure over the last couple of weeks as the economic data has necessitated a more dovish line from the Federal Reserve. The result is that, despite breaking below the 200/233-day SMA and into bearish territory, the pair has failed to gain much traction to the downside. We'll soon see whether that failure is temporary or more...
Forecast 03 September 2021 The U.S. Federal Reserve has repeatedly made it clear that the main criterion for winding down support measures would be a stronger labor market. Most interestingly, after disappointing data in July, where unemployment rose to 5.9%, we saw a strong strengthening in August, with unemployment falling to 5.4%. Many analyst agencies have...
Hello traders, looking for a retracement then move to the high possible 1.19000 area. Note NFP week.
Well, as we saw last week, gold was able to break its dynamic and static resistances and stabilize itself with high strength at the $ 1810 level, to continue growing up to the $ 1834 level, we can expect a pullback to the broken level and then to Let's move our target. Next week we also have NFP , that can determine the main direction of the market. What do you think ?
Majority have been eager to buy and buy and buy, yet on the daily we can see a hard rejection off 1830.00 This shows us the amount of buy stops accumulating at this level , notice price triggered and dropped = heading toward majority of SL placements ( below 1810.00 ) *We need moves like this to switch the consensus of retail to take the opposite sides of...
Hello Traders! These are the take profit areas for the dollar. Have a great day! Vitez
Goodmorning guys, What a night. After gold lost more than 900 pips in an hour, gold pared its losses back to 1750. We have 2 scenarios in play; either bears want bearish continuation and want to test the monthly bullish trendline that goes back 3 years ago, or we have a big a$$ W-formation targeting new ATH. Not a great setup to trade and too risky for me, so...
KEY POINTS: In July, 943,000 jobs were created Highest figure since August 2020; main driver of this strong increase is the Leisure and Hospitality sector Number of jobs created in June was revised upwards from 850,000 to 938,000 Number of jobs created in May was also revised upwards from 583,000 to 614,000 Total number of jobs at the moment is...
Hello Traders! After last week #NFP we expect more #USD strength against the #AUD where new lockdowns and #Covid-19 cases hitting the currency. I recommend a sell stop at the trend line break. Stop loss and take profit is labelled. Have a great week! Vitez #vitezabraham
As we predicted earlier this week. BUY GOLD AT 1750 SWING UP 1900+
Possible buy for EURGBP this week Rhombus theory shows a bull run for the pairs this week
Following last week's Fed meeting, it was clear that the central bank was only putting off hawkish rhetoric, but was not ruling it out in the near future. Consequently, the basis for expectations is there, we just need data that would indicate that the economy continues to grow. The hope is the U.S. unemployment report coming out this Friday. It is expected that...