NFP should create highs and lows between the two blue arrows I have placed on my chart. By doing so it will create a 120 pip range and provide some good opportunities for positions.
A little setup I'm looking at! Whether the news is good or bad I'm expecting this move! Trade responsibly! :D Thanks for the support! :D
Gold pushed up past the 1220 resistance level for the 3rd time since the start of the year, only to be met with strong resistance and falling back under 1220 to be within the range from 1182 - 1220. While I am still long, the upper wick on today's candle is not the most encouraging for the bulls. On the bullish side, price is still above the 6, 8 and 21 day...
Gold started the day with a big selloff but then recovered after the FOMC and Janet Yellen announced that they would not be raising interest rates at this time. Gold is now attempting to break out of a potential triple top at $1220. If Gold can break through, then the first target would be 1241.7, the .618 fib extention from the bull run that started at the end of...
Congestion should be due to the expectation of major market movers. If we do not have clear breakout signals with NFP, it is recommended to wait for the day of Tuesday, November 8, the US presidential election.
Good Evening Traders! Well, here we are again, Gold trading just above the 1250 mark. Today was a solid day down, with Gold trading 16.7 points off the opening to close at 1253. We have come right to the top of this support area that was last seen on June 24, the day the British approved Brexit, and the day when Gold rallied 108 points in 1 day!. It's amazing...
Good Evening Traders! Well, after yesterday's explosive move down, it's not surprising that Gold took a pause today. With a total range of 15.3 points, the net down move today was 1.9 points. I did take a new short position early in the morning and I'll get to that later in this post. I'm expecting volatility to come back into the market tomorrow and Friday as...
ISM said its index of national factory activity fell 3.2 points to a reading of 49.4 last month. That was the first contraction since February. U.S. factory activity contracted in August for the first time in six months as new orders and production tumbled, but a low level of layoffs continued to point to a pickup in economic growth in the third quarter. A reading...
Short NZDUD @ 0.71725 Lets see if we can hit Targets!
Any break above this level could drag USDCAD toward the next targets Today's news (US nonfarm payrolls) Will likely decide the fate of the looney and whether it can break out of the 1.2900/ 1.3000 range it has been stuck in
See chart. Support @ 1.2870 Resistance @ 1.30230 Can play the range ahead of tonight NFP release, as the market is likely to move sideways before the announcement.
H4 in the following chart, you can frame the performance of EURUSD from post Brexit collapse on, with Fibonacci retracements which show that the counter-movement has been pushed up to exactly half of the last week's collapse The resistance at 1,116 rejected down the pair, the listing of which is in a narrow consolidation phase enclosed between the moving average...
Today's closing price will be key to decide for monday , as price needs to close over the trend or below the trend line to draw investors in. bear in mind the fundamentals today should give you a MAAAASSIVE picture. (NONFARM PAYROLL)
Yen long positions on the futures market are at record highs and historically any high risk event to the dollar supports the Yen as investors seek to protect themselves from uncertainty. Price rejecting the 50% fib level and an interesting candle formation lead to a reasonable conclusion that further downside gains are to be made this week. Poor US news will...