XAUUSD, seems to be following suit as per AUD and NZD, and confining within channel going against our previous expectations of reaching 1760 for a long. The bulls may have come in early, we wait for bullish confirmations above 1812. Failing to do so, prior set up remains valid to 1760. Lets not forget that Friday is NFP!
Becaful this week so many incoming important news. We just see last FOMC how price suddenly spike upside to collect order SELL LIMIT. For incoming this first week in AUGUST ,i predict price will take BUY LIMIT order at 1730 below Short Selling for now until we get solid NFP data on Friday.
Hi guys, After a well-deserved holiday, a week of acclimatising at home and adapting to current market dynamics, it's time to make some serious bucks from the market. First things first, I want to thank all my followers for following my trading adventure for over a year now. Now onto the meat and potatoes. What is happening in the market? It seems the market is...
M2 Money supply / DJI Nearing an area of support a fall through of the support line and we could see selling exhaustion that would cause the DJI to melt up. Where a boost in buying would see the DJI melt down. What could cause M2 to either be peddle to the medal or taking the foot off the gas.? Inflation, lets see how the fed can handle inflation. We have...
USDJPY has traded into channel resistance prior to the USD Non Far Payrolls (NFP). NFP shows the number of new jobs in non farming sectors. Technically the pair is at channel resistance, and the RSI has given a sell signal. We anticipate continued downside into 110.76.
Predicting less employment change than expected. Higher unemployment than expected.
Moments away from NFP. Economists expect the data to show that the economy added more than 575,000 jobs in March as the country continued to open. This will be a better figure than the 465,000 jobs that were created in February On the technical side of things, we can see that price is approaching a key resistance near 1790$ and is looking to be losing its bull...
Here we have Solana. Two price forecasts have been identified with the green arrows on the chart. 20 USD represents a strong support level with long wicks to the downside. Let's see where price heads! Solana is a crypto startup that builds and develops crypto apps for decentralized apps and marketplaces. The startup was founded in 2018 and is based in San...
Forecast: 700K My prediction: 580-620K Overall negative results so a heavy sell is due for today at 2:30pm South African time.
Bias is bullish today looking at the DXY and Feds projected outlook on the market. Jobs creation consensus is forecasted at 700k vs. 559k for the previous NFP news. Today is a very risky news event to be trading but if traded correctly the returns can be highly favorable. Please be careful trading today.
Forecast is strong bullish til QML H4. Becareful if QML H4 (FTR) break, it means it going up til QML daily. TAYOR Follow Money Management
NFP Analytical Forecast : * NON-FARM PAYROLLS Forecast: 675K Previous: 559K * UNEMPLOYMENT RATE Forecast: 5.7% Previous: 5.8% * AVERAGE HOURLY EARNINGS Forecast: 0.3% Previous: 0.5% It is also important to pay attention to these three indicators with the NFP release. That is, NON-FARM PAYROLLS, AVERAGE HOURLY EARNINGS, and UNEMPLOYMENT RATE The indicators...
We are expecting the publishing of Non Farm Payrolls today. This is a very important news which will cause some big moves. Be careful with any positions that you open prior to that! We found an opportunity on EURJPY. This pair won't be affected by the USD, but the EURUSD and USDJPY instead. No matter if we see a negative or positive news later on today we are...
Peak and trough analysis on the monthly chart puts gold in a downtrend. The weekly chart is also at a key level when considering the triple moving average system. Moreover, it has an extremely strong inverse correlation with the USDOLLAR on the daily timeframe. Given this, the NFP print tomorrow is likely to impact on gold as the USDOLLAR reacts to the release....
Recently a question was asked, "How high can USDJPY goes?" Well, from the chart I'm seeing 113.07. That means, based on the daily chart, I will only be looking for shorting opportunities when USDJPY reach 113.07. That doesn't mean you should buy and exit at 113.07, unless you have a trading strategy that you have tested a hundred times and give you your...
Price level 1760 is a crucial support level for Gold. Breaking that level will probably cause a drop in price by over 50 US dollars per Oz. This might happen during NFP when the report will affect the US dollar. This is a daily chart which means the drop will not be rapid but expecting it to complete within days, not within one day.
Long Term View Looks like a possiblity of going long is on the cards after July NFP
== MARKET RECAP == Following the FOMC Meeting held on Wednesday June 16th, the greenback sored against all major currencies dropping EURUSD down to fresh monthly lows around 1.1850 The strength of the US Dollar was contributed to the hawkish undertone of potentially easing monetary policy sooner than what Fed officials thought in their previous 18 member...