EURUSD's resistance held perfectly and we could see a huge sell off on all EUR pairs as yesterdays Interest rate decision
held 0% as expected.
We could see today and nice pullback, which could continue to the next week and next week is gonna be huge for EURUSD
as i will be aiming and sniping targets for longterm shorts!
Let's wait for crucial areas here (Red zone...
XAUUSD is currently at a resistance level and could see a possible reversal trend due to the NFP today! Use proper risk management.
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EUR/USD after breaking the resistance at 1.14198 is currently in a retracement rally.
Moreover a strong bearish engulfing candle has formed at the resistance.
Hence we expect the pair to be bearish and move to support level at 1.13069.
Alright, so today will be published statistics on the US labor market. In this review we will remind its content, talk about how to respond to a particular indicator, as well as tell our expectations.
The block of statistical data on the US labor market includes a number of other significant indicators besides an NFP (non-farm payrolls) - the number of new jobs...
We continue to prepare our followers to the most important event of the week or probably even of a month - labor market statistics of the USA.
Yesterday, traditionally, a couple of days before official statistics, data from the ADP Research Institute on the level of employment in the private sector were published. Recall, analysts had expected growth rate at...
What to Expect from Tonight NFP? THREE SCENARIOS!
Above shown three different set of arrows (Three Different scenarios )
Scenario 1 (Green Arrows) >WAY better than expected NFP report (Bullish)
Trend line continuation. USDJPY may have a spike and retest before a rejection from the major psychological level of 114.5 before going back down to trend line before...
Trade tension between the US and China are contributing to the recent USD strength at the time of this writing. New tariffs on China may lead to a retaliation, causing some nervousness in global markets.
As a result the focus on the Non-Farm Payrolls (NFP) may be limited, however, some reaction is often seen when the US employment figures are...
The dollar again approached the upper border of its medium-term range 93.30-95.40. As reasons for this, you can call both an excellent form of the US economy and summer range trading, when assets are circulating from the top to the bottom. As a rule, as a reason for a rebound from the boundaries of the range, one or another fundamental factor is chosen.
Is it just me or has USDCAD been sleeping this week? EUR, GBP, all moving like crazy and the canadians are as cold as ice.
When I see that I usually expect a big move to come, and considering we've been failing to go lower this week I'll expect a move higher. Even if its only a spike. I say that because this is a reversal trade. CAD is looking strong in general,...
Gold has always been a safe haven for investors - we are currently awaiting the one report to end all reports; NFP. Because of the uncertainty in the markets, investors will put their money in Gold, sending the price of XAUUSD upwards. Should we get a GOOD NFP report, XAUUSD will then plummet back down to the 1300.00 region as investor confidence grows again.
Hello folks , come back to the forex! Today is the first friday of the month , so NFP USA , it would be surely a high volatility day because of this big impact news for the dollar. So my advice is to take position after the news , after the big volatility , but if you have a more aggressive approach , forget what i said! So there is a descending trendline that...
The 20 day moving average is a strong point which plays big part in how the future trend is set and detected. Setting up for a trade, short term selling from under 1.23 to 1.2270 may play a good trade short term trade, below it is stronger support directly to the 1.2200/1.2190 trend line support where more buyers are emerging. Be careful and follow also everything...
Going short after NFP, wages is the key. YoY at the highest since December 2016 matching the highest level since 2008
MoM Average Wages posted the biggest increase since 2008
Fed Fund Futures pricing in 80% chance for a rate hike in December
Believe price will drop to test support level of 111.92 area. But will bounce back to upside to test resistance level 113.67. If break price will head back to the 115 area.https://www.tradingview.com/x/uqiTltbj/