Hello traders. The trend will be determined after the news (NFP). There are many fluctuations, I think anything can happen. before the news is released and even half an hour after that. If the data is as expected, the dollar will gain strength and the euro can touch 1.066. If the data is weak, everyone is betting on an interest rate cut in the first quarter of...
Hey Traders, in the coming week we are monitoring DXY for a buying opportunity around 103.800 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 103.800 support and resistance area. Trade safe, Joe.
KOG REPORT – NFP: This is our view for NFP tomorrow, 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...
Hi Traders! EURUSD is now under pressure following the NFP report. Momentum is now back with the US dollar, and further downside momentum looks very likely. Here are the details: The market is trending down following the break and close below the 20 EMA. There is a possibility of the market going back below the 1.07 handle. Preferred Direction: Sell Entry...
Gold price is extending its range-play into the fourth straight trading day early Friday, as investors prefer to stay on the sidelines before the release of the all-important Nonfarm Payrolls data later in the day.
103.100 Looks a Sweet target for NFP. Disclaimer - I don't Promote trading NFP
8th December 2023 (NFP EVENT) DXY: Retrace & retest 104 resistance area, next move dependent on NFP. NZDUSD: Buy 0.6130 SL 20 TP 90 (Weaker DXY, Bad NFP) AUDUSD: Sell 0.6585 SL 15 TP 60 (Stronger DXY, Good NFP) USDJPY: Sell 143 SL 35 TP 135 (Weaker DXY) GBPUSD: Sell 1.2515 SL 20 TP 50 (Stronger DXY) EURUSD: Buy 1.0770 SL 20 TP 60 (Weaker DXY) USDCHF:...
We are currently monitoring gold and DXY index and looking for GOLD buy opportunity. There is a high chance that gold will push higher. Why? Weekly high was taken and this can be just reaction from sellers taken out Israel army resumed the war against Hamas in Gaza. DXY index is waiting for another impulse wave Crucial support 2010 Let see how NFP will...
The British pound is showing limited movement on Wednesday. GBP/USD is trading at 1.2582 in the North American session, down 0.10%. The UK Construction PMI ticked lower to 45.5 in November, compared to 45.6 in October and shy of the consensus estimate of 46.3. The construction sector has been in contraction for most of the year and the November print marked a...
First of all , let's have a look on the TVC:GOLD Chart ! As you can see, based on the latest gold price analysis, we saw that the price, as we expected, was accompanied by a further drop and was able to correct until $2009! In the last 2 days, we saw the price rise to $2149 and then a heavy drop of 1373 pips to the range of $2009! Based on the assumptions of the...
AN should be making a turn down, already showing signs...Watch for it. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for...
💬 GOLD: Review before non-farm. It’s the first Friday of the new month on the calendar, which means the publication of data on the US labor market. In this regard, there are assumptions regarding several trading instruments and how they could potentially behave during the non-framing release. Firstly, let’s slightly refresh the idea of Gold, which retains its...
This is my Intraday analysis on EURUSD for 3 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Bullish Swing Bullish INT 2. After sweeping the liquidity down there the Swing continuation is solid now for more upside and targeting the Swing High and more. We reacted...
Analysis of GBP/USD: The GBP/USD is on the rise towards the 1.2400 level to conclude a trading week that has seen the pair mostly fluctuate around the averages. After the US Nonfarm Payrolls (NFP) data came in well below expectations, the British Pound (GBP) has seen a 1.6% increase from Friday's opening bids near 1.2190, and the GBP/USD is up almost 2.5% from...
Nonfarm Payrolls (NFP) in the United States increased by 150,000 units in October, as reported by the Bureau of Labor Statistics (BLS) of the United States last Friday. This figure was below market expectations, which anticipated 180,000 new hires. The September increase, initially recorded at 336,000, was subsequently revised downward to 297,000. During the same...
Will the market get a taste of reality from today's loaded economic calendar for North America? US Dollar, DXY, is headed towards last month's lows. But, we are Day 3 in the 3-day cycle on a Friday down low in this week's template. If the NFPs and ISM/PMI cumulatively counter the dovish Fed narrative, fasten your seat belts and get ready for a surprise!
The Canadian dollar is showing little movement on Friday. In the European session, USD/CAD is trading at 1.3740, up 0.03%. The week wraps up with US and Canadian employment reports, which could mean volatility from the Canadian dollar during the North American session. The US releases nonfarm payrolls, which had a massive September and crushed expectations with...
Preferred direction: BUY Comment: The Canadian is also being viewed towards the US dollar. Here we are currently observing a downward impulse, which has hit the local limit level. On non-farm the situation can change significantly and even with the same force the price will most likely recover again. Thank you for like and share your views!