Preferred direction: SELL Comment: For gold , we previously gave two setups for sell, and one of them is already in work (scenario №2) . However, against the background of the upcoming potential volatility (NFP) , as well as the short-term weakening of the US dollar , most likely, it is at the very moment of the release of data on the US labor market that...
Preferred direction: BUY Comment: The British pound also remains on the buy list. Here, the expected movement for the current NFP is the same as for the euro . Growth is expected towards the level of 1.27000 , where local resistance will occur. The target is not set above this area (quite an aggressive option). But one can consider potential sales when...
Preferred direction: BUY Comment: The setup for today's NFP remains in favor of the buyer. Most likely, the euro will update yesterday's high around the level of 1.09000 . At this level, there is an area of resistance, and most likely it is from here that we can expect a deeper correction than the one we are currently observing. Additional comments on this...
Preferred direction: Neutral Comment: Bitcoin , like gold , continues to break records, and most likely, in the short term, just like gold , a new high will be recorded. In the very near future, perhaps even during the weekend, we will already see the price of the coin at the level of $70 000 and even higher. However, it is unlikely that the instrument...
Preferred direction: BUY Comment: Despite the local strengthening of the Japanese yen , this currency pair is still considered more favorable to the buyer, especially in the long term. All events within the specified prospects will develop around level 150 and above. As for shorter-term prospects, it is also unlikely that the instrument will go down towards...
Preferred direction: SELL Comment: The Australian dollar is also expected to undergo a downward correction, as we suppose. Against the background of today's NFP , the instrument may even grow towards the level of 0.66659 , but in the medium term, it is unlikely that the buyer will be able to gain a foothold. Perhaps not today, then at the beginning of next...
Preferred direction: SELL Comment: As part of the upcoming strengthening of the American currency , as well as the upcoming NFP , we expect a fall in the GBPUSD currency pair. At the moment, the process of eliminating sellers is being completed, and in the very near future, the market will begin to actively buy at market prices. Thus, this will provide an...
Preferred direction: SELL Comment: Our previous setups for currency pairs worked out perfectly, especially EURUSD . On the eve of the NFP , as well as for gold, we expect a fall in the euro. At the time of publication, the instrument may strengthen towards the level of 1.10000 ( scenario №2 ), so one should count on this in any case. At the moment, ...
Preferred direction: SELL Comment: By the end of the week, all long trades on metals have been fixed, and on the eve of the NFP , we expect a fall in gold . It should be noted that a slight increase is still possible even without the NFP data, where, against the background of volatility, the price may rise above the current new historical maximum....
Preferred direction: SELL Comment: After a short-term successful growth, longs for gold were also fixed and now, like for the main currency pairs, we expect a fall. Here everything is a little simpler and the main idea is to update local maxima as well. The first scenario assumes an approximate reversal at the level of 2070 , and the second - at the level...
Preferred direction: SELL Comment: We also consider possible sales by pound. Here previous long-positions are completely closed. Before the NFP , we have two main scenarios, similar in nature to the movement as in the EURUSD situation before the NFP . The main idea in both cases is to update the maximum at the level of 1.28000 , and then fall towards the...
Preferred direction: SELL Comment: The long scenario worked out quite quickly, and now before the NFP , most likely you need to count on selling. The market quite sharply rushed into sales due to which it was possible to recover to local highs. For NFP , I will highlight two scenarios, the difference between the first and the second is that in the second it...
The US reported a gain of 353K jobs in January, nearly double the expectations of 180K. On top of upward revisions worth 126K. Wages rose by 0.6%, double the expectations, and YoY they are up 4.5%, smashing estimates of 4.1%. Excellent data meant a straightforward reaction, with minimal reversals and an ongoing extension. The US Dollar is up, Gold is down, and...
U.S. Non Farm Payrolls Rep: 353k ✅ MUCH HIGHER than Expected ✅ Exp: 187k Prev: 333k U.S. economy adds 353,000 jobs in January Based on revised figures we have increased the jobs added to the U.S from 150k in Nov 2023 gradually increasing to 353k for the month of Jan 2024.
Preferred direction: BUY Comment: For gold , we highlight the short-term scenario in long. Metals , especially gold , resisted the pressure of the US dollar best; here the context for growth is, in principle, prepared. There are two main scenarios for growth and all are aimed at updating short-term highs towards the region 2060-2070. This expected...
Preferred direction: BUY Comment: Similar to the situation with EURUSD , for the British currency we are also starting to consider a medium-term purchase. Yes, the US dollar has begun to strengthen as we expected, but most likely the growth of the American currency will not be as impressive as we expected. One of the options would be to fix part of the...
Preferred direction: BUY Comment: After the Fed meeting, as we expected, the US currency strengthened based on the results of the press conference and comments from the regulator. However, the growth of the dollar is already approaching its end and most likely now we need to take a closer look at medium-term purchases. We are now considering two main long...
Non farm payroll is today and my projection for GBPUSD is that it will long, but for that to happen, I am projecting a retrace to the 50EMA where it is our area of interest before it buys to 1.27588.