Preferred direction: SELL Comment: As we said earlier about gold, the situation for metals in general is more inclined to sell than to buy. Silver is no exception. At the moment, before the non-farm, the price of the metal is pressing towards the support level of 22.66582 and most likely, after a slight increase, the instrument will finally break through this...
Today's focus: USDX Pattern – Range /Distribution? Support – 105.50 - 106 Resistance – 106.75 - 107.05 Hi, and thanks for checking out today's update. Today, we are looking at the USDX on the daily chart. Today, we have run over the USDX as price continues to trade range-bound after a choppy week and mixed influences. The FOMC failed to boost the USD after...
The analysis of the EUR/USD performance indicates a consolidation of weekly gains above the 1.0600 level in the early hours of Friday in Europe. This consolidation is partly attributed to the recent weakness of the US dollar and US Treasury bond yields. The market is eagerly awaiting the US Nonfarm Payrolls (NFP) data for a fresh directional impetus. The rally of...
US30 has been on a bullish trend since Monday trading session. We have NFP NEWS today and we should expect strong bearish candles at 13:30. US30 is at a strong resistance level, we should expect one more push to the upside and see strong bearish candles before the close of the market.
Nasdaq 100 has been on a bullish trend since Tuesday trading session. We have NFP NEWS today and we should expect strong bearish candles at 13:30. Nasdaq 100 is at a strong resistance level, we should expect one more push to the upside and see strong bearish candles before the close of the market.
US30 has been on a bullish trend since the start of the trading week. US30 should continue to the upside to take resistance before the open of the NY trade session. We should expect strong bearish candles during the NY trading session till the close of the market. Remember to trade with caution as we expect the NFP on Friday and price could move with unexpected...
NASDAQ 100 was on a bullish trend yesterday trading. we had Fed Interest Rate Decision and FOMC statement as news yesterday, we still have NFP on Friday so we should expect volatility at any point in time. we should see NASDAQ 100 pump to the upside to take resistance before the NY trade session and expect strong bearish candles after the NY session and toward the...
Overview USDCAD is at a key technical resistance level. Price may break higher or start ranging. The Details USDCAD is potentially ranging between the 1.30 and 1.40 price handles. Price is currently testing the range resistance area. Fundamental analysis suggests a potential move higher. This week's news may determine if the resistance holds, though. ...
So,I am planning buy dollar again!There is no signal to short USD yet! Israel Palestine conflict may also support US dollar + NFP was positive Also we are at 4th quarter of trading year so I need to see Dxy cleares last old high level! Till then I am going to buy Dollar! Manage your risks!Happy Trading)
Hi Traders! The NFP announcement was released earlier today, and it came as a shock to the market. The number came in at a staggering 336K, which is almost double the expected number of 171K. With the payrolls number coming out so strongly, this is a sign that the US economy is still strong, and the high demand for the US dollar is expected to continue in the...
I believe there could be a good opportunity to buy Gold-XAUUSD if it rises above $1796, while implementing sound risk management by setting a stop-loss just below $1796. Our target price could be in the range of $1831 to $1845. If the price breaks this range then we can aim to $1885, then we may look for selling and targeting a level closer to $1805 or potentially...
GBP/USD Consolidates Gains Ahead of Key US NFP Report The GBP/USD pair is currently treading water in the Asian session, consolidating its recent robust recovery from the 1.2035 area, which marked its lowest level since March 16 earlier this week. With traders on the sidelines, the focus is firmly on the impending release of the US Nonfarm Payrolls (NFP) report,...
I do a detailed analysis for you,, and here is the conclusion. 📈📍 Weekly: GBPUSD is moving downwards. Price makes LH/LL 📈📍 Daily: GBPUSD is also in a Downtrend but over-extended 📈📍🚀 Hourly: Price moved in an upward channel - valid channel therefore the price either will break above and create a new market structure with series of higher Highs and higher lows,...
S&P 500 INDEX MODEL TRADING PLANS for FRI. 10/06 As we published in our trading plans yesterday, Thu. 10/05: "With JOLTS on Tuesday, Initial Jobless Claims Numbers this morning, and Non-Farm Payrolls tomorrow, this week is all about Jobs and Jobs. So far, there is no sign of any letting up in the strength of the Job market". This morning's much stronger than...
EUR/USD Shows Strength as USD Weakens Ahead of US Nonfarm Payrolls The Euro (EUR) is demonstrating resilience against the US Dollar (USD), pushing EUR/USD to multi-day highs near 1.0550. Simultaneously, the USD is losing ground, revisiting 106.30 on the USD Index (DXY). This dynamic reflects improved sentiment in the risk-associated universe, despite only a...
Preferred direction: SELL->BUY Comment: The setup for Gold before the publication of NFP data remains the same. Here we are considering a fall towards the 1800 level, after which buyers will most likely begin to be more active in recent times. Therefore, today the priority is sales, and next week we are potentially considering longs. Thank you for like and...
Hi Traders! USDJPY finally reached the psychological 150.000 level this week and is so close to reaching its apex level at 151.946. However, there may be US dollar weakness on the horizon as the US finally ended its streak of consistent positive economic data releases with a worse-than-expected ADP non-farm employment change, which has got traders very nervous...
I wouldn't fall for the trend line buys personally. It is a buy lure to sweep out buyer liquidity before the true move to the upside comes in. I have marked where I would like to begin to scale into buys before switching over to long-term sells.