Good morning from the UK. Keeping this one short and sweet, I caught a 50 pip retracement this morning however with a heavy bearish closure yesterday and signs of the dollar strengthening with non farm payroll figures looming I see this a possible Fibonacci reversal to the downside breaking through my trend line on a fourth touch.
!.3000 is a strong physiological...
As the EUR news hit hard on a sell this Thursday, it’s way below enough for support. Therefore, you want to buy EURUSD as a long! Non Farm PayRoll news is tomorrow, so we will most likely see a buy as the new actives tomorrow on Friday.
GBPCHF is back at price levels which previously provided strong resistance. This area is also near a round price level 1.3100.
This combined with the upcoming Non Farm Payroll for Switzerland coming out within a week, promises plenty of price action movement. RSI is also indicating pair is close to being oversold (was already but crept back under).
Currently, GBPUSD offers us a good sell opportunity after the strong candle breaks below the clean upwards trendline with nice volume inside of it.
So, ideally would be a perfect scenario - sell after it has made a retest. Currently, the price may retest it nicely on the NFP time but watch it closely, if it makes a strong rally above of it then it would be...
In my latest EURUSD outlook i perfectly showed bottom of the EURUSD on 1.13000 Weekly and daily support, which was respected perfectly.
In this idea i will give out three potential targets after results of NFP will see the lights of this world.
EURUSD is still in some kind of consolidation on weekly timeframe, but after big hammer weekly candle, it seems more...
Hey guys its Friday, the first of the month.
What does that mean ? Its time for NFP in like one and a half hour. Please be aware that my ideas are only my view of things and do not take them for guaranteed. Everyone has its own view on same charts.
So we are looking at the AUDUSD pair and as i posted weeks ago (link below), its on a trend change mode with a...
With global stock markets dropping due to Fed rate hikes, Tarrifs, Brexit, and Italys stalemate, the Japan Yen is emerging favorable as a safe haven. This week BOJ announces rates and Japan releases unemployment while ADP Employment and Non Farm Payrolls are released later in the week from the United...
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...
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.
I hope everybody is doing great.
After I covered the EURUSD 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