GBPUSD is continuing previous delayed momentum. It's UP.
***TRADING NOTE*** Due to the NFP, I am pausing all my trade setups until after the NFP as I personally do not trade during the NFP. Take trades at your own risk, The NFP could easily invalidate all the trade setups. Will re-evaluate after the NFP release.
Hello and good morning traders, I hope you're all doing well in this weeks trading. I've analysed a Potential Cypher Pattern setting up within the Gartley we are also watching and we could be potentially hitting the 97.00 just in time for the NFP figures coming out. If they are to perform weaker than expected, then we can see a potential move to the downside...
It's safe to say it's been an exciting day in the Markets, and to be honest we don't expect that to change much over the next week. As Greece came out of the weekend with absolutely no progress whatsoever, Risk Aversion took a hold within the markets as investors started pumping their money in to "Safe Haven" arenas. One such Safe Haven is the Yen, and it seems...
Looks good for short entry as US dollar is extremely strong and cannot make a move to the downside for sure so i think news in gonna come bad for the eur and good for the usd so smart trading this eurusd pair for 1100 pips profits in few minutes. If you like my idea do subscribe and join my youtube channel as well as my daily forex webinar happy trading.!!
EURUSD NFP range. #forex 1380 - 1018 NFP guess 210K
Technicals: - 4 hourly shows a Double Top - RHS forming here? Since price did not cross above 76.4% at 124.72 which came from the head (see chart) Fundamentals: - BOJ did not mention additional stimulus Entry@ 123.70 Stop@ -50 Target@ 100
Price action is still in a downward sloping channel. Current price hit resistance - creating a double top 1.5432 levels. A break below the organ threaded line may suggest further selling to complete Wave 5 Fundamentals: - Better NFP data that will trigger more selling in Cables - Need Impulsive selling for wave 5 - A few targets should this kick off - 1.50784...
A double bottom in the dollar as it found support at 61.8% - 94.86 - created a strong hammer reversal. Better NFP data will give the dollar bulls momentum to rally higher and retake 20 ma - 95.49 and if possible mount an attack on the 100 ma at 96.00. It will be very impressive if it can break above 50 ma and close above it at 96.50. Bad NFP data will give the...
Just highlighting key support areas for a potential bounce-failure to bounce those must be treated as resistance then (see purple line) Resistance (see green line) are the very first few to crack before we can even contemplate any sort of reversal.
PRICE STILL IN THE CORRECTIVE ESTRUCTURE. BUT NOW IS AT THE RESISTANCE, LETS SEE IF PRICE BREAK TO GET LONG, OR GOES DOWN ONCE AGAIN. I AM EXPECTING A DOWN MOVE TODAY BECAUSE MARKET IS WAITING THE NFP. DONT REALLY THINK THAT IT WILL BREAK TODAY. ANYWAYS KEEP AN EYE ON THIS. WHAT DO YOU THINK??
USD rally has retraced below 50% and currently forming a bearish wedge. Fundamentals: - USD bull continues as long as Fed hawkish commentary - A good NFP will give USD a boost and warrant a long above 96.63 - A bad NFP will drive bulls out fast as it could affect June FOMC statement to be dovish Technically: - looking to retest minor support at 61.8% fib...
reed the comments or look at the data to see the expectations were accurate or not. www.forextime.com If you know a faster economic calendar please do leave a link in the comment section.
Silver continue to trade in this symmetrical triangle and a breakout looks imminent. The biased is for further downside and measuring the height of this triangle (as a means for profit taking measurement) will take us south of 14.50 or more. Your essential Precious Metal reading, please go to: thebulliontimes.wordpress.com and www.sharpspixley.com
Despite the weakness in USD, gold failed to move back above the 20 dma and as long as price trade below that we will see further weakness going into NFP. Your essential Precious Metal reading, please go to: thebulliontimes.wordpress.com and www.sharpspixley.com
In May Forexspecs.com expect decline of EURUSD pair. This Friday NFP data can spike pair up to levels over 1.1320. In medium term butterfly model is valid with long term target over 1.0300 area. Timing is only factor for right wing of butterfly can extend to 1.1320.