A lot of negative data coming out of the US lately. With the lowest NFP results in 7 years, Interest rates failing to rise again, and positive oil data, I would look to continue shorting USDCAD. In the technical perspective, The 4th wave is currently proceeding, and I have a gut feeling it won't go higher than 1.2830 before turning around to complete it's 5th wave.
As you can see before the NFP big bullish candle came out,there is a downtrend channel ,it is an obviously bullish sign . and now gold come into an uptrend channel,so that we can surmise that gold will go into a bearish trend soon another reason i short it because gold has met the 0.618 resistant
I was waiting for this corrective trend to end for a while and it seems that it's in the last stage and ready for upside. Today is NFP which can really moves this pair to both directions, I'm interested in upside, so if NFP run the pair to upside, I'm in, if NFP run it to downside I don't trade it until price make a clear structure.
We raised our short-term target to 1.1490 after NFP report and dovish Yellen on Monday growthaces.com
We can see that support trendline from December 2015 is still active. The NFP on Friday price push to channel middle line. We are looking for retrace to strong weekly supply zone and BRN 1.1500 then we will looking for short call. The risk reward ratio is very good. Long term we looking for break monthly demand level @1.0570 and to go down to 95.000 or 93.000...
GBPJPY has broken the main trend line due to the help of NFP today. i believe that it will try to make a quick correction to test the trend line before falling down and making new lows. lots of pips to come in the coming weeks, i will be posting more updates on this par and maybe a few others please follow me for the most up to date information. please take trade...
Couple of scenarios after the reaction to Friday's NFP news. We are still be in a long term bearish run but are very much bullish in the mid - short term. Ideally the price will come down to our significant area. Patience is key here, intraday positions will be available to us both long and short depending on the route this pair decides to take
A huge miss today in Non-Farm Payrolls. The USDollar theme has moved back to the soft-side. The odds are now heavily against the Fed raising interest rates this month, and as such, the market has offered the dollar. Trading Bias: Looking for opportunities to sell the dollar from a key resistance level unless we get big news along with a big shift in trader...
Possible plays on EURUSD from Monday to NON-FARM Payroll Friday. I'm expecting that it will bounce off the daily trendline around 1.108 levels in the later week and buyers will take over during NFP release.
US non-farm payrolls report due today is expected to show the pace of job additions in May only slightly improved. The NFP figure is seen around 160K, largely unchanged from April figure of 160K. The unemployment rate is seen dropping to 4.9% from 5.0%, while average hourly earnings growth is seen slowing slightly to 0.2% m/m from April figure of 0.3%. That...
We have an Inverse AB=CD Pattern which is equal in lengths , while the CD Leg is formed within 6 days more than the AB leg , It is kind of an ideal pattern formation i think which suggesting a strong bullish move From Elliot Wave Analysis also , we are currently in the bullish correction phase The price action is currently at the support of a strong up channel...
According to latest polls on Brexit, the majority of UK citizens is now favoring Brexit again. That could push the pound lower against the yen, however, a possible positive NFP might cause severe indecision among market participants.
The theme going into the NFP is to fade the spikes. While thinking the upside on EURUSD is done; nevetheless a decent up swing on a spike be tempted to set shorts into .. 1.1470-8X comes in as a spot to try short if price ends up spiking around to here; for a potential tgt intra day down to 132X. Alternatively looking to buy off the 132X for a possible swing back...
Quick analysis pre-NFP data...play the game and be patient...we are still looking to buy dips. Good US Data - USD upwards of 95s. However, in medium-term we don't expect to continue... GL.
Tidy little hightest candle on some strong resistance which on the intraday charts is setting up a nice right shoulder to complete a head and shoulder pattern. Lots of room on my stop stop loss to leave room ahead of NFP. - Perfect hightest candle on 1D - On resistance on 1.4400 - Head and shoulder pattern on 4hr - With trend - 1:2.75 RR - Hybrid trade - Safe...