Hi,
looking on the Chart and the trendchannels. The top of the previos channel is broken and the market make at now a retest.
I believe for a upcoming trend by the way when NONFARM Payrolls will offer in 30 Min.
Have a nice trade.
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 ...
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.
EURUSD is currently resting upon an extremely strong, very long-term support/resistance level of 1.19000. The upcoming Non Farm Payroll report will decide whether the price will bounce off the line or break through it to sell to the subsequent levels.
Hello Traders,
I hope everybody is doing great.
After I covered the EURUSD https://www.tradingview.com/chart/EURUSD/jSrv7YkN-EURUSD-Trapped-in-a-Big-500-Pips-Range-What-s-Next/ in the daily chart, let’s have a look at the equivalent instrument which is the DXY.
From the 2018-02-16 low to the peak of 2018-04-05 you can see clearly that the DXY has moved in a ...
Next week would be slow because of waiting for ECB Monetary Policy meeting and Nonfarm Payrolls on Thursday and Friday therefore. But on the days we can see a lot of volume for our market and we will get a right way in pair. We must be concentrate fully on Thursday and Friday as much as we can, because break 1.22 and go and go down will give to us bearish trend ...
Buying this 1.25 for today's price indicating bullish engulfing, and Friday's price action (doji candle) indecision in the market, this setups a continuation buying trade of Euro dollars, and forgetting the strong US Nonfarm Payrolls numbers
Price is above 50, 100, and 200 Moving averages
Hey Traders! In today's video we're going to take a look at the $EURUSD and review both a short term & longer term trading opportunity. One thign I love about doing videos is that I don't have to spend a lot of time typing in my ideas so...GO WATCH IT!
Clear 38.2% fibonacci retracement has formed in the chart. Also, MA50&MA200 has been rejected. We can expect a new bearish impulse at the breakout of the corrective structure.
EURUSD, much like the GBPUSD idea I Posted recently,
after breaking the B point, a potential bat pattern long opportunity is worth planning!
Especially when there is non-farm payroll tonight!
There are still 140 pips away, but if the volatility is big enough to let it reach the area tonight,
I'll be willing to look for potential long opportunity!
GBPUSD and ...
The non farm numbers are coming out. I think these can break the trend and we will have a good trade to the downside. The RSI and MacD are showing good divergences, supporting this.
This pair has broken the uptrend line and I believe it will retest the trend line before or during the NFP data release tomorrow to complete a bearish cypher pattern. This will give us a great opportunity to short. I am looking to swing this trade to about a month due to the level of structure it is at.
Trade with care.
A small neutral triangle has formed on the upper trendline of a much larger wedge that can be seen here on the D1 Chart: https://www.tradingview.com/chart/USDJPY/o3ReZEFM-USDJPY-Large-Wedge-Bounce-on-upper-trendline/
If the smaller triangle breaks to the upside, the entire wedge might break with a large move in that direction. If the Upper trendline holds, look ...
AUDUSD broke descending triangle on daily time frame, in H1 it is forming a wedge break below will confirm the leg down towards .73000 area which in confluence with 78% fib and daily triangle's target. It may retest the H1 wedge's resistance before moving lower or break it and fall. Non pay farm payroll ahead......HEDGE YOUR RISK PROPERLY..
