Preferred direction: BUY Comment: At the beginning of the new week, the euro remains on the buy list, especially if we are talking about the prospect of 1-3 days (before the Fed meeting on Wednesday). This event, as well as the NFP , forces one to be as flexible as possible and be prepared for changes in trading plans at the beginning of this week....
Hi Friends, I think price will attempt to go high then drop after NFP news release. Am not sure what the number would look like but looking at my chart, you may quite agree with me. Pips move could be more than 600 pips🚀 This is a mere speculation. Kindly trade according to the outcome of your analysis. Apply risk management!
After a short correction USD/CAD FX:USDCAD has made a sharp break out and pulled back on the discount zone. it's likely the price telling us that USD/CAD is going to reach higher prices. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published...
The British is in positive territory on Friday. GBP/USD is trading at 1.2555, up 0.16% at the time of writing. The service sector accelerated in April, as the Services PMI rose to 55.0, up from 53.1 in April. This was the strongest level since May 2023 and services has shown growth for six straight months, with readings above the 50 level. The PMI survey noted...
The KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in...
Preferred direction: SELL Comment: A difficult situation has developed for gold . Here, in view of technical factors, two scenarios are considered, both buy and sell. The most likely scenario №1 still assumes a fall towards the levels of 2200 and 2150 . Scenario № 2 is less likely, but it may turn out that first this particular maneuver will happen on...
Preferred direction: SELL Comment: Yesterday's trading idea for the Canadian worked perfectly. Today, the likelihood of continued decline remains. The price is trading close to yesterday's target, namely the level of 1.37020 , at this level, the next short (breakdown downward) is being considered. We highlight two scenarios for ourselves with a common goal at...
The tech-heavy index exhibited two-way action on Wednesday as markets reacted to the Fed outcome. The central bank acknowledged the lack of progress towards the 2% inflation target and Chair Powell added that recent hot reports have not given officials greater confidence towards this goal. Along with resilient labor market and strong economy, the bar for a pivot...
Preferred direction: BUY Comment: After a quiet week in the metals market, the coming week is likely to be very volatile. In addition to the technical accumulation in the triangle format, we have a lot of economic data and events that will happen this week. The most likely scenario №1 will involve a breakout trade at the level of 2340 . Scenario №2 ...
Today's focus: Gold Pattern – Lower High swing point Support – 2290.50 to 2315 Resistance – 2338.40 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Gold on its daily chart. Do we have a new swing lower in play after sellers formed a lower high? This could be the case, but we still need some confirmation. In today's video, we...
Trading the double bottom pattern involves identifying a bullish reversal pattern on a price chart and making trading decisions based on the pattern's confirmation. Here's a step-by-step guide on how to trade the double bottom pattern: 1. **Identify the Double Bottom Pattern**: A double bottom pattern appears on a price chart after a downtrend and consists of...
NEWCONNECT:NFP We can see $2 - $5 easy money in next 1/3 months
US Labor Market Data Preview - Friday, April 5, 2024 To analyze the market's reaction to today's NFP data, it's crucial to review past market events. The Federal Reserve needs two conditions to ease interest rates: 1) Continued downtrend in inflation 2) Weakening labor market. Therefore, today's NFP data is the most critical news release. Previous NFP...
The euro continues to stumble and is down for a fourth straight day. In the European session, EUR/USD is trading at 1.0653, down 0.67%. The euro has fallen 1.7% this week as the US dollar continues to flex its muscles against the major currencies. The European Central Bank maintained the deposit rate at 4% for a fifth straight time on Thursday, as expected....
Now is a very good time to get into USDJPY long positions & target the $153 price point. Offering a good 600+ PIPS profit! Bare in mind this the 1D TF, so be generous with your SL & give market breathing space.
#NFP The price is moving in an upward channel on a 1-day frame and we have a support area in green at the level of 0.8100. We have a higher stability moving average of 100 We have a contact with the minimum channel Our RSI indicator has a well reliable uptrend Entry price is 0.8933 The first goal is 1.165 The second goal is 1.47 The third goal is 1.95
Looking forward to entering Long on BCOUSD after NFP today. Am not too eager to enter, if it happens, its good. If it doesn't happen, I am fine too, since today is Friday, and I have to hold my positions over the weekends. I am used to holding trades over the weekends, however I prefer the weekdays. Therefore, when Mondays roll around, I thank God its...
Given the robust NFP figures from last week, alongside the deteriorating job market in New Zealand and evident bearish technical analysis, it appears advantageous to consider a short position on NZD/USD. The price remains below the 200-day moving average, indicating a downtrend, and has recently tested resistance at 0.60500. I am targeting a decline to 0.58800 as...