NFP is a known report to fear for volatility. Some like it, but me personally I stay away.
This mainly because I expect a positive NFP Release because of the election and stuff. Anyway, this is my sentiment. if it doesn't work out an alternative scenario is that it might grow to levels of 1.36 or 1.4 long term
My teacher advised the beginner class to not trade today since it would be our first non-farming payroll release. However the number didn’t meet expectations but they weren’t too bad. I have been watching the DXY since 9 a.m. and there has been much indecision since the numbers came out. I don’t usually trade DXY but from my observations it appears that there...
Looking to take some profits from the markets before we get hit with the NFP data release. This is the trade of choice this morning, I will update you when I close or adjust the trade position.
Okay so higher timeframe breakdown Weekly - We have a rejection, pin bar from the trendline which is ideal for short positions Daily - Reacting from the TL also 4h - Bearish PA starting to come into play. 1h - Target first 139.600 area. 120 pip possibility. Opinions? Important levels marked in beige, from weekly and daily charts.
Busy week ahead as September kicks in. As New Zealand and the United States elections slowly approach, the Coronavirus pandemic will most likely be the center focus for many parties and how they handle the post Coronavirus world. Here is your week ahead. Tuesday, 1st September – Germany’s Inflation and Unemployment rate Like most of Europe, Germany is...
US30 seems to be consolidating near the daily resistance level. Next week I will be watching for a break of this consolidation area to the upside or downside to determine which bias I'd be taking. NFP and unemployment rates were favorable so I am curious to see if this will cause a break of the resistance zone or a bounce back down to the downside.
A look back at the price action around the June 5 NFP release
With weaker nfp number expected. Strengths of dollar would decrease. Very tight SL and Very conservative TP. TRADE WITH CAUTION. THIS IS ONLY A POSSIBILTY AND IS FOR EDUCATIONAL PURPOSE ONLY. NO RISK TAKEN
USDCHF is now trading in a triangle. Hourly chart shows posibility of a short. With NFP coming up, gonna watch how this pair perform. Stay Safe, Trade Safe
Simple straight forward analysis. With the USA cutting down its oil we can expect bullish behavior. Analysis: 1. NFP will bring down price due to corona virus. 2. When this happens buy at lowest point of NFP and square positions as price continues bullish trend. Thank you :)
Hello everybody ! Today is NFP day !!! This Friday’s non-farm payrolls report will be the first monthly labor market number to show the COVID-19 impact. Economists are looking for only a 100,000 decline in payrolls because NFPs are measured as of March 12. The first state-wide stay-at-home order was not issued by California until March 20 and quickly spread...
Just showing you what's happening
If price holds at previous day support, we could see a possible move back down to the new low and possible reversal off the lows come NFP
LOOKING to get in on this NFP wick retest, very risky but possible.
EURUSD have been making news lows, seeing weakness in momentum, as we got an important NFP news ahead, seeing scope for an initial dip to 1.0940 to then a bounce, if that doesn't happen looks for a strong break of the downtrend line to 1.10 area. Trade Safe!