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EURUSD WILL GO UP ? DXY WEAK OR NOT ? NFP + ISM⛔️ This is a very important week for EURUSD. CPI DATA for EUR is to be issued. This is a very VOLATILE event for the Euro. Because it is a very important INDICATOR. Among them are the ISM MANUFACTURING PMI, and the US LABOR DATA. These are the most important ECONOMIC INDICATORS and these are the HIGH VOLATILIE INDICATORS. ⛔️ DXY is currently at 98.44 LEVEL. Also the EUR FEATURE stays at 1.1091 LEVEL. The EURUSD PRICE is located on the DYNAMIC S / R LEVELS. Most likely the PRICE will be SHORT TERM UP up to 1.1228 LEVEL. ⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. ⛔️ The EURUS PRICE can be UP to 1.1228 LEVEL before it becomes DOWN. Then you can DOWN to 1.0849 LEVEL. According to the LABOR DATA and ISM MANUFACTURING DATA coming out today, we can expect some change in the EURUSD. ⛔️ Currently the MARKET may be the TREND LINE SUPPORT. If you BREAK that TREND LINE, EURUSD can sell faster.
by benny_marshall
USDJPY - FURTHER JPY WILL STRONG OR NOT ? WHAT'S GOING ON UJ? ⛔️ ISM MANUFACTURING PMI and US LABOR DATA are due to be released today for the US dollar. These are the most important ECONOMIC INDICATORS and these are the HIGH VOLATILIE INDICATORS. This data is very important for USDJPY today. Also, despite the high impact news for JPY being lost this week, the Japanese YEN is following the market sentiment. ⛔️ JPY FEATURE is currently on the rise. The main reason for this is that the MARKET SENTIMENT is becoming RISK OFF. JPY MARKET Now we see the nature of CORRECTION. JPY FEATURE stands at 0.0081 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future. But if the MARKETS RISK OFF continues, the USDJPY price may fall further. USDJPY stays on DYNAMIC LEVELS. ⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. ⛔️ USDJPY PRICE can be REJECT from 124.180 LEVEL. For VOLATILITY UP, and JPY FEATURE UP. The NFP DATA to be released today is very important and can have a huge impact on the USDJPY. ⛔️ Before the USDJPY PRICE goes to 118.388 LEVEL maybe a RETRACEMENT will come to 124.180 LEVEL. Then the USDJPY price can come down by breaking the TREND LINE. It is very important if the markets are to be RISK OFF.
by benny_marshall
EURUSD before NFP There is still a chance where we could see price reaching 1,1200 during NFP today. EURUSD isn't our main pair that we trade right now. In case of a strong USD, we will be looking for trades on EURUSD and GBPUSD but in case of a weak USD, we will be trading AUDUSD and NZDUSD. However, the expectations are that the USD will get weaker and we might see higher values. Like we said already, we won't be trading them on EURUSD. Here, we're mainly looking to sell from our resistance zone. We're monitoring this setup and in case of any changes will keep you up to date!
by ForexTrendline
8
USDCAD - OIL , U.S ECONOMIC DATA WITH TECHNICAL LEVELS- Some of the most important data for USD will be released this week. Among them, JOLTS job openings, CB consumer confidence, ADP - non farm employment change, FINAL GDP q / q, crude oil inventories, Core pce price index, ism manufacturing index, NFP are the most important DATA. - The OPEC MEETING is scheduled for this week. Also important indicator data for CAD, GDP, MANUFACTURING PMI, is due to be released this Friday. - DXY is currently at 97.85 LEVEL. USD has been WEAK for the last few days. Also, the CAD FEATURE has been down to 0.7986 LEVEL. However, CAD is becoming WEAK compared to DXY due to OIL WEAKNESS. USDCAD PRICE is TUCHING IN DYNAMIC S / R LEVELS. - Currently we see the OVERALL MARKET RISK OFF. Also STOKES are getting RED. VIX UP is becoming. Also COMMODITIES are starting to DOWN right now. - OIL PRICE is currently down a bit. It will inevitably affect CAD. If so, USDCAD could be moving to the BUY in the next few days. - USDCAD PRICE can go to 1.2466 LEVEL before UP. Then the USDCAD PRICE can be UP again up to 1.2656 LEVEL. The USD may be slightly STRONG in the coming days due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD.
by benny_marshall
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW- ECB PRESIDENT Lagarde has a SPEAK. There are some positive technical points for MARKET RISK OFF and JPY to be a bit STRONG right now. The reason is that JAPANESE YEN DOWN is very fast right now. So a PULLBACK may come at some point. - The EUR FEATURE currently stands at 1.1147 LEVEL. It rests on DYNAMIC S / R LEVELS. Also the JPY FEATURE is giving DOWN very fast. It stays at 0.0082 LEVEL. The EURJPY PRICE is above the DYNAMIC S / R LEVELS. The reason for that is the WEAKNESS that happened in JPY. So most of the time the PRICE can be UP again in the form of a STRUCTURE. - Currently the OVERALL MARKET is RISK OFF. Also STOKES are turning slightly red. VIX is getting a bit DOWN. Also COMMODITIES show a slightly UP SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. - EURJPY PRICE can PULLBACK and DOWN until it is slightly lower than DYNAMIC LEVELS. (131.30) - The EURJPY PRICE can be UP to 139.173 LEVEL before DOWN. Then you can DOWN to 131.477 LEVEL. The PRICE will move according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. The next few days can be a bit important.
by benny_marshall
1
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- From now on, according to the MARKET SENTIMENT, a DEMAND may come to NZD temporarily this week. Also ADP NON FARM EMPLOYMENT CHANGE, FINAL GDP special for USD. Meanwhile, a FOMC MEMBER is scheduled to speak today at the New York SESSION. * This situation should be very peaceful, as well as rising commodity prices VIX DOWN can show an upside bias for the NZDUSD. - NZD FEATURE is currently slightly UP. The main reason for this is that COMMODITIES are becoming UP. The NZD FEATURE stands at 0.6957 LEVEL. DXY is currently DOWN. According to the MARKET SENTIMENT and USD is slightly STRONG. Priced above NZDUSD DYNAMIC LEVELS. - Currently the OVERALL MARKET is RISK OFF. Also STOKES are turning slightly red. VIX is getting a bit DOWN. Also COMMODITIES show a slightly UP SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. - NZDUSD PRICE can return to 0.6923 LEVEL and then REJECT from that LEVEL. NZDUSD SHORT TERM can be further BUY due to COMMODITIES PRICES UP, VOLATILITY DOWN. - NZDUSD PRICE can go to 0.6923 LEVEL before UP. Then it can be UP to 0.7030 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So take the NZDUSD BUY ENTRY until the VOLATILITY RED.
by benny_marshall
XAUUSD - GOLD CURRENT SITUATION- There are several special INDICATORS affecting GOLD this week. Especially the NFP this week. Data on a number of special indicators such as ISM MANUFACTURING is due to be released this week. So you should pay more attention to US10Y and DXY. - US10Y currently stands at 2.52% LEVEL. The US10Y weakened slightly after POWEL's SPEAK last day. But again, it's going up with this existing MARKET CONDITION. Also up to DXY 99.12 LEVEL has been UP. The GOLD PRICE is slightly higher than the DYNAMIC S / R LEVELS at this time. Most likely the GOLD PRICE will be UP in the future. The SHORT TERM is for the SELL SIDE. But as the war recedes and the US Federal Reserve begins to raise rates, demand for the USD is likely to increase in the future. Therefore, GOLD may be DOWN LONG TERM in the near future. - Currently the OVERALL MARKET is RISK OFF. Also STOKES are turning slightly red. VIX is getting a bit UP. Also COMMODITIES show a slightly UP SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. - GOLD PRICE can RETRACE from DYNAMIC LEVELS. It's very important to us. Maybe after reaching the dynamic level the price can be hugely VOLATILE. - The chance of creating a DOUBLE BOTTOM opportunity again before the GOLD PRICE is UP is very high. So GOLD can go back to 1.900 LEVEL. Then you can UP to at least 1978 LEVEL. However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
OANDA:XAUUSD
by benny_marshall
USDCAD - OIL , U.S ECONOMIC DATA WITH TECHNICAL LEVELS- Some of the most important data for USD will be released this week. Among them, JOLTS job openings, CB consumer confidence, ADP - non farm employment change, FINAL GDP q / q, crude oil inventories, Core pce price index, ism manufacturing index, NFP are the most important DATA. - The OPEC MEETING is scheduled for this week. Also important indicator data for CAD are GDP, MANUFACTURING PMI. - DXY is currently at 99.12 LEVEL. Also the CAD FEATURE stays at 0.8002 RESISTANCE LEVEL. The USDCAD PRICE has gone below the DYNAMIC S / R LEVELS. Most likely USDCAD 1.2415 will be BUY. - Currently we see the OVERALL MARKET RISK OFF. Also STOKES are getting RED. VIX UP is becoming. Also COMMODITIES are starting to DOWN right now. - OIL PRICE is currently down a bit. It will inevitably affect CAD. In that case USDCAD can go to the BUY a little faster by BREAK the TREND LINE. - USDCAD PRICE can go to 1.2415 LEVEL before UP. Then you can break the trend line and UP to 1.2656 LEVEL. The USD could be a bit STRONG today due to the MARKET SENTIMENT.
by benny_marshall
1
NFP REPORTSHello traders! Today I want to share with you interesting information that can bring you profit. Let's talk about NFP What is Nonfarm Payrolls? Nonfarm Payrolls (NFP) is the number of new jobs in the non-farm sectors of the economy over the past month. The released figures show the dynamics of changes (increase, decrease) relative to the previous period. These statistics cover about 500 sectors of the economy: construction, trade, business services, transport, logistics, financial sector, medicine, tourism, and so on. The calculations do not take into account workers in the agricultural sector, non-profit organizations and self-employed citizens. A change in the NFP value of 100-200 thousand jobs will lead to strong volatility in the quotes of world currencies in pairs with the US dollar, gold and stock markets. Long-term reaction to the growth of non-farms is the weakening of the US dollar against a basket of major Forex currencies; The short-term reaction is unpredictable due to a sharp jump in the rate, leading to the triggering of many pending orders and an unpredictable exit and infusion of huge amounts of money into the markets in a short period of time. Position search An example of looking for a trade setup would be to use 30 pips. It is not unusual for the EUR/USD pair to advance 30 pips within the first few minutes of the release of the report. The larger the initial movement, the better for determining the direction of the pair's movement. After the initial big move, there is usually a price pullback that signals an entry point. Using one-minute price bars, traders draw a trendline from the high of the initial move to the high of the one-minute price retracement (if the initial move was up). They buy when the price breaks above the trend line. If the initial movement was downward, then a trend line is drawn from the low of the initial movement to the low of the price retracement using the same criteria. Traders enter into a short trade when the price breaks below the trend line. Some traders like to wait 5 price bars before plotting a trendline, while others may have experience telling them less or more is better. It also helps to place a stop loss in case the price bar chosen was not the actual price pullback low. If a trader is using the 5 price bar method, then a stop loss should be placed one pip below the low of that move if a long trade is taken. If a short trade was entered, then the stop loss should be placed one pip (plus the size of the spread) above the high formed on the movement of 5 price bars. Profit target To determine an exit position, or profit target, traders use the difference between the opening price and the initial move. The difference is divided in half. The target price is this number. For example, if the initial move was 115 pips, then the profit target would be 57.5 pips. Risk Only enter a trade if your profit potential is at least 1.5 times your trading risk. Ideally it should be 2x or more. In the examples above, the profit potential is about 3 times the trading risk. Don't forget about risk control. Do not risk more than 1% of your capital. Practice Before Using the Method It is impossible to describe how to trade all possible variations of the strategy that may arise. That is why it is recommended to use the strategy on a demo version before real trading. Understand the principles and the reasons why they exist, so that if conditions are slightly different on a given day, you can adapt and not be bombarded with questions. If a profit target seems too bold, use a 3:1 reward/risk ratio target. The goal is to place the target in a logical and reasonable place based on the trend and volatility. The profit target method helps with this, but it is only a guide and may need to be adjusted slightly depending on the conditions of the day. EUR/USD will not behave exactly the same after every NFP report, so it will take some practice to see how these trade setups play out and be fast enough to jump in and trade them. Practice the strategy on a demo account until you show total profit after trading at least five NFP reports. Only then can you consider trading this strategy with real money. conclusions News trading is not easy. During such a period, the price moves quickly. It is worth gaining enough experience to confidently trade on the news, so it is recommended to practice on a demo account. Control the risks, follow the strategy and the profit will come to you. Good luck!
Education
by DeGRAM
3
XAUUSD 03.04.22 : NFP 😍As you can see in 2-hour timeframe, we see that today the price has hit its monthly high for the second time and there is a possibility of collecting liquidity above $ 1950, with the announcement of NFP statistics today , we have to see if the Actual announce More than Forecast the possibility of strengthening the dollar index and on the other hand there is a downward fluctuation of gold ! Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅04.MAR.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
OANDA:XAUUSDShort
by ArmanShabanTrading
4
XAUUSD - KOG REPORT - NFP!This is our view for NFP today, 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 can cause aggressive swings in price. We’ll start by saying this isn’t really something we want to get involved in, with all the news in the markets, the backtracking of the feds Powell and on top of that uncertainty and fear in the markets, we will sit this one out unless we get the levels we’re looking for. We have two targets on Gold at the moment, the 1980-85 level and the level which seems way down below now which is around 1880-85. We’ve market the key levels on the chart with what we feel is the range and what we feel could be the movement for NFP based on the technical aspects of the chart, not the numbers! We’re expecting DXY to tap out slightly above where it is now and then start a potential decline which if correlations allow will give Gold a small dip and then potentially push it up to test that recent high. So as always, we’ll look at this with two scenarios in mind: Scenario 1: The price dips to the immediate support or, pushes up straight away. We will wait for the higher key levels 1963-5 and above that 1980, where if we see resistance we feel it would represent an opportunity to test the short trade back into the levels of 1950, 1930 and below that 1920. Scenario 2: The price drops from here, we will wait for the lower support levels of 1920 for a reaction, breaking this level we have our target below at 1880-85, that’s where we feel would be an opportunity to test the long trade back up into the levels of 1930 as the first destination. We would like to see how the price reacts at the key levels as we’re expecting both our targets to get hit, either the higher first, then the lower. Or, the lower first then the higher. New traders, sit this one out. The trade will come, let them push the price to where they want to grab liquidity from, exhaust and then potentially take a position. Control your lots sizes, this isn’t the market condition to be trying to get rich quick and always, always have a risk strategy in place. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
NFP Preview USD/JPY, EUR/USD, GOLDWe approach US NFP this month with USD very strong at 98 on the Dollar index. Most of the USD strength is on the back of EUR/USD selling which is at the key 1.10 level ahead of the US Jobs number. Forecast at 400k the cleanest pair to trade is USD/JPY which will go up if strong or down if weak. But given we in uptrend on USD if the number is weak but doesn't change the FED raising rates then the dip should be bought back up on USD/JPY. Another way of playing NFP is gold with the market long Gold on the war and so we vulnerable to a sell off if the NFP numbers strong. This could combine with easing fears and FOMC focus to help gold fall back below $1900. easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. “Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
by easyMarkets
$BTC Daily TA : 03.04.22 (Update)As you can see, exactly according to both previous analyzes, the price correction has finally started today and has now corrected to 42K zone . I still expect the price to return to the OrderBlock in $ 41,000 to $ 41,500 range, and then in that range we can look for a optimal trigger to buy! Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅04.MAR.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
COINBASE:BTCUSDShort
by ArmanShabanTrading
7
XAUUSD - AMD SHORT ideaDear traders, Crazy times. Especially this month of February was full of action and now this Russia vs Ukraine war started. It affected GOLD so much. I have never seen such a daily candle on the chart. However. we still can benefit from it if we know what to do and manage our risk properly. Clearly, we are impulsing down after a massive rejection. A possible shift in trend to a bearish. Also, we can notice the "AMD" pattern. I will be looking for sells from the area I've marked. Good luck everyone. DISCIPLINE Strive for patience, perseverance, determination, & rational action. Limit your losses, use stops. Never cancel a stop loss order after you have placed it! It's just an idea of mine. However, everyone can share their thoughts in the comment section below. Also, don't forget to support me! :) Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice. Always plan your trade and trade your plan.
OANDA:XAUUSDShort
by d13wish
XAUUSD LONG TO 1940 (ALTERNATIVE ANALYSIS)We saw Gold aggressively shoot up near market closure on Friday evening with huge bullish momentum indicating buyers are coming back into the markets. However, at the current moment Gold is really overbought and has choppy price action. I will wait for a retracement back towards my POI then analyse price action to see if buyers are about to come in again. This here is my alternative analysis. I am still short on Gold overall. All of my socials are listed on my TradingView profile. Feel free to follow my TradingView in order to keep up to date with all the latest analysis. Drop a like if you agree with this chart analysis or let me know what you think!
SAXO:XAUUSDLong
by BA_Investments
Gold Weekly Analysis: All eyes will be on FOMC and NFP The big picture for gold is mixed as the bullish trend appears to remain on hold. However, a descending triangle formation shows that some bearish potential may be brewing with Gold markets, and US rates continue climbing at a higher rate than treasuries. The Fed's next meeting will decide whether or not they're hawkish enough to elicit more significant responses from gold investors who want less risk associated with their investment portfolios. What will happen then could have wide-ranging impacts on the gold price. Gold may continue to perform well in a stagflation-like environment. When you have strong inflation and meager growth, similar to last week's Advance GDP read showing 2% annualized growth rate for next year's economy whether market forecasted 2.6% growth. But we're not there yet, so it depends on how the Fed handles the problematic situation, which has begun to build up over time. The Federal Reserve will be giving its insights into these matters this week when they release their assessment at two separate but related events: Jackson Hole Conference Monday through Friday, August 6th -10th. If FED hind any rate-hiking chance next year, we may see gold will drop based on that news. As inflationary exists so, the drop may not be too heavy, but it will fall. Gold Weekly Chart In the weekly chart gold price breaks below the descending triangle trend line. In Gold, the fear is rate hikes. Rate hikes can draw capital away from non-interest-bearing assets such as Gold or Silver to potentially more profitable investments that are currently paying interest on their loans from banks and other financial institutions around this country (The U.S). In recent years, the hawkish speech from the Fed chairman has become when making decisions about rates hike deadlines. It has been shown historically through looking at charts between 2012 - 2015. We saw our lowest point for gold prices among all others following an increase—a clear indication of what should've happened if one understands how anticipation works within gold markets. Gold price dropped more than 7500 pips from 2012 to 2015 because of the higher bank rate. Though the situation is not the same as the current situation, higher bank rates harm gold prices if inflation is under control. But inflationary pressure is the main problem for most countries. So, indeed FED increases their bank rate, it won't hurt much gold price for the long term because the USA is also under inflationary pressure because of a pandemic. Gold Technical View: Two key levels are clear as a conclusion to this market. First, the upper range, 1835-1845 resistance, and 1750-1720 support zone have been tested several times in 2021. So, as long as the gold market with that range, I don't think we will see heavy movement. From the current gold price, we may see some upward correction nearly the $1800 price zone. But if the market breaks below the immediate support 1770 price zone, our first target to the downside is the $1745/1750 price zone. And breaking below $1745, our final downside target is a $1720 price zone for the next week until we get enough fundamental reports that will favor the USD. On the other hand, $1800/1800 is immediate resistance. So, the market may test this price as well. But the swing area is $1815 price zone. So as long as below $1815, we have hope that gold still has a chance to drop. breaking above $1815, our upside target would be the $1835/1845 price zone. As long as the market hold below the $1845 price zone, I would suggest not buying gold. However, with the gold price breaking above $1845, our upside target would be near the $1900/1920 price zone.
TVC:GOLD
by Gold_Trading_Expert
6
Cdn. dollar rebounds after soft job dataThe Canadian dollar has started the week with strong gains, recovering after sharp losses at the end of the week. There are no Canadian tier-1 events on the calendar, so US numbers will have a magnified impact on the movement of the Canadian dollar. The US nonfarm payrolls outperformed in spectacular style, posting a gain of 467 thousand jobs in January. Many analysts had projected a negative print, and the consensus of 125 thousand showed that expectations were quite low. With inflation at 40-year highs, wage pressures are rising. Average hourly earnings climbed 5.7% in January y/y, as workers seek higher wages due to the rise in the cost of living. The strong NFP report will keep the pressure on the Fed not to ease up on the rate pedal after the (widely expected) March liftoff. It was a starkly different story north of the border, as the Canadian employment report for January was dismal. The economy shed 200.1 thousand jobs, after a gain of 78.6 thousand in November. The consensus stood at -117.5 thousand. The unemployment rate jumped from 6.0% to 6.5%, higher than the estimate of 6.2%. The weak Canadian jobs reports, coupled with a massive NFP which has raised expectations of more rate hikes, was a double-whammy that sent the Canadian dollar sharply lower on Friday. BoC Governor Tiff Macklem testified before a Senate banking committee in Ottawa last week, and his comments indicated that Macklem still views inflation as transitory, as he stated that the BoC expects inflation to ease in the second half of 2022. At the same time, Macklem was clear that additional interest rates are needed to lower inflation to the 2% target, with the number of hikes depending on economic developments. The BoC is widely expected to raise rates at its next meeting in early March, but similar to the Fed, there's lots of uncertainty about what happens after that. Macklem will speak on Wednesday and the markets will be looking for clues regarding future rate hikes. USD/CAD faces resistance at 1.2818 and 1.2873  1.2679 was tested in support earlier in the day. Below, there is support at 1.2595
by OANDA