For EURUSD These are the 2 main deciding factors this week and have been proven to be equally weighted: The Corona Outbreak and NFP. Looking at the scenario, EURUSD is very speculative as of now as the US is lagging behind running and releasing test kits, which in turn can increase the number of virus cases hurting the safe-haven dollar. While Coronavirus...
I don't remember last time i posted one of my analysis. It's passed so much time... but i think it's time to get back and share my ideas. So, here you are a fresh signal before the NFP. EURUSD has made a consecutively 4 bear bars on weekly charts. History is clear, usually when EU is too much oversold... pullback is coming hard. Next, we are on important pullback...
brilliant risk to reward expecting a pull back and a continuation of the uptrend on the daily corrleation in certain pairs suggest longs may occur
Watch gold as it gets closer to NFP Friday, where I believe US will get good reports and bring back the strength to USD Above you can see the last fall in Jan4 brought ahead to what I believe might happen again.
Looking good for Dollar!
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...
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...
NFP WITH IN 40 MINS Median NFP estimate 190k (188k private) March 98K Highest estimate 281k (JP Morgan) Lowest estimate 145k ( Presige Economics) Average estimate 191.7k AS ADP DATA AND OTHER DATAS WE ARE EXPECTING 150-165 JOBS NUMBER IN UPCOMING DATA IF DATA COMES LIKE THIS WE CAN SEE A DOWN WORD MOVE IN DXY MAY B TOUCH 98.3-98.5 LEVEL. BUT UPCOMING ELECTION...