USDJPY has risen significantly since non payrolls earlier this month due to rising US yields and the current risk on environment with equities reaching time highs. We anticipate further upside for the currency pair if prices consolidate above resistance at 109.878 as we await key data this week including ISM manufacturing and non farm payrolls.
When we see the chart, PAYEMS falls at a 90 degree angle, whether that's what causes recovery is also fast ? Note : Economic Data Overview : This not trading
Currently I'm bullish but I'll be bearish off the 1.29 handle. This morning we had fairly decent ADP figures from the US in at +174k. Typically on a monthly basis the ADP provides a leading clue as to what we might expect with the following NFP figures. My guess is that Non-Farm on Friday will come in hot and could add some strength to the greenback. I don't...
AUDUSD has moved higher since our last analysis largely due to USD weakness as a result of US stimulus. We expect the upward momentum to continue and the currency pair to challenge resistance above 0.8 in the coming weeks as we await US data on Friday including payrolls which could lead to significant price action.
EU IS SETTING UP NICELY FOR A BUY. AT THE ENTRY PRICE YOU WILL SEE PRICE TOUCHED IT THEN REJECTED DOWN TO TEST THE DAILY FLOOR. IT HAS NOW CREATED A ENGULFING CANDLE HEADED TO THE UPSIDE. THERE IS NON FARM NEWS FOR USD RELEASED TODAY AT 13:30, KEEP A TIGHT SL www.fxstreet.com CURRENCY STRENGTH IS OK RIGHT NOW FOR EU www.livecharts.co.uk
Stocks got smacked down to relative lows. We may be forming the first shoulder and head of a head and shoulders pattern. Watch 3396. If the S&P can't break this high, then we will have our second shoulder. The neckline will be solidly established at 3308. The Kovach OBV is trending down, so we may not even see this H&S form before a breakdown. We do have...
Short Buy trade set up for GBPUSD. We are nearing a support zone area with RSI from daily to 1hr all in the buy zone. US Nonfarm Payrolls still underperforming, this drop is a retrace, Bulls are still in control. Look to TP at 1.3320 to 1.3347 range. Good luck! Charles V www.cvfxmanagement.com Trading made Simple
EURUSD has been in this channel for almost 2 weeks with top and bottoms holding. See past ideas where we have profited from these buys. Look to buy at current price Target top of channel or short 30-40 pip range if you want to day trade. Good luck! Charles V www.cvfxmanagement.com Trading made Simple
GBPUSD H1 - A slower moving pair for NFP, also on a breakout price. Sat on support currently at 1.32600. Looks like a bullish break and retest. But could easily be fuelled by NFP (positive) to break support. Literally just have to wait and see what the data brings, and try and snip a small slice of the cake.
A look back at the price action around the June 5 NFP release
A review of the 30-minute chart surrounding the NFP release on May 8, 2020. Any questions or if you think this misses something important - please drop a comment !! Thanks
Stocks are absolutely crushing it, continuously making new highs. Watch for a bit of a squeeze, especially before nonfarm payrolls. As with bonds, a bumper number could set stocks rallying further, just watch for profit taking. A bad print may also be good for stocks because it would warrant more intervention from the Federal Reserve. If we do see a pullback,...
Based on the chart as Non Farm Payroll news activated, GBPUSD is looking to create an uptrend. There we are looking to place a buy. Price for take profit may hit by Monday for the next week when the market opens on Sunday. TP: 1.2475-1.255
Gold just reacted tp the recent rectangle retest support because , thus we might go in the next hour (16h) to the last resistance of 1720 and after if it's breaks(probably, because it hitted the recent support) we might heading towards 1729 ! trade safe and take your risk-reward with you always
NZD/USD have been locked in a titanic battle for control of this chart for the last 8 hours or so. Technically we should break south to relieve overbought conditions on H1 timeframe but with the key Non-Farm Payrolls and Unemployment Rate out of the USA due at 13:30 GMT, this pair ain't goin' nowhere for 3 hours. The risk it has to be said is that the numbers...
The SP500 stqy ready to receive the worst non-farme payrolls report ever. Two possible strategies, be very careful. Even if the report is expected very bad, the market (the FED loool) can do whatever it wants!
Of course we can reverse sooner, as I predicted previously, but this is what makes the most sense today and falls in line with some old charts... Let us assume that the money printing is the rising tide. If the market goes up on average this week and or at least follows the rules for a TD9 printing, we will have a potential reversal on that indicator (not a big...