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Nfp

NFP is Big- This NFP will be HUGE 🕊️ 🦅This NFP has an extra layer of expected Volatility and importance attached to it. For starters, there will be speech from Jerome Powel (president of the Federal Reserve), 90 minutes before the NFP announcement. For any experienced trader this makes things even more interesting. Take a look at the video and the Dollar index analysis and the rest will make sense. This NFP will be a critical, decision making factor of whether the dollar will stand up on it's feet or it will dip into the abyss. The second is more probable but the Americans know how to 'play this game'... Friday is close, mark the date. the FXPROFESSOR
TVC:DXY
by FX_Professor
4
Gold Analysis - June 3-4th 2021Hello, We are approaching a fundamental rally between tomorrow and Friday with the following economic events: ADP (Automatic Data Processing) Non-Farm Employment - Expecting bad numbers Unemployment Claims - Expecting bad numbers PMI - Expecting good numbers Average Hourly Earnings - Expecting bad numbers NFP - Expecting good numbers Unemployment Rate - Expecting good rate Taking all this information and analyzing it, there is a 50/50 expectation towards the market. There is a very high possibility that Gold will drop into recent demand areas where Buys for me make a lot more sense at the moment continuing the strong bullish momentum it has had. I will be analyzing the following areas for High Risk High Reward Buys: Zone 1 - 1893 (HRHR Buys) Zone 2 - 1883 (HRHR Buys) 1st TP - 1912 2nd TP - 1923 From here to tomorrow I can easily see there will be consolidation preparing for the news on Thursday and Friday. If you see price taking a specific direction then consolidating it is preparing to do the complete opposite. In my experience Gold sets and prepares itself at a certain area which becomes a high demand zone, order block and then once news is released the orders will release as well. Safe trading!
OANDA:XAUUSDLong
by lumafx
Understanding the NFP EU PumpHere are some questions I put out to my community group the other day followed by the answers. The reasoning being the move has been annotated on the chart. Why did price slowly decline prior to NFP? - Price had to decline slightly before NFP to mitigate the impulsive move created earlier in the day. - Price had to stop out break and re-test buyers with a tight stop loss - Price had to lure sellers into the market before NFP Why did price reject the exact box marked before skyrocketing? - Price skyrocketed because it had gathered enough liquidity from stopping out the buyers. - It utilised the previous order block to skyrocket to take out the impulsive sellers before NFP.
Education
by AlkalineFX
DXY - What's next! Bears gain control! We had US data NFP, a large miss increasing majors - which GBP is looking interesting! Now as I mentioned many times, I don't think tapering from Feds will be announced anytime soon, patience is really key with this. End of summer I feel there will be further mentioning. However, for now I really don't. The data hasn't been consistent ...So what do you do? Well, your trend is your friend until broken. Right now the bears are still in control and we have to respect that. Technical Aspects: Support: 89.99, 88.87, 88.24, 87.10 Resistance: 90.98, 92.55, 94.22 Pattern: Bear Flag (Channel) 89. 40 Below bears will gain further control 92.55 Above bulls will gain further control Great move this week by precious metals! I feel the NFP did great movement to a lot of currencies finally! Key Tip: I came across this amazing quote - "Successful people maintain a positive focus in life no matter what is going on around them. They stay focused on their past successes rather than their past failures, and on the next action steps they need to take to get them closer to the fulfillment of their goals rather than all the other distractions that life presents to them." It's so true! Personal story I will share with you. When I was starting out and even now still you have these negative mindset people full of envy, hatred and have a very large ego...Weirdly, they the ones who are unsuccessful - wondering to themselves why are they succeeding? why aren't I? and the answer is: Not a crystal ball but focus on yourself, rather than causing drama in other peoples lives, being jealous and all the various negative actions you're taking, spend those precious timely moments on yourself. The only person you should be competing with is yourself. Have a great week ahead! Trade Journal
ICEUS:DXY
by Trade_Journal
XAUUSD - How I caught 580 pips on Gold almost zero Drawdown💰💰Hello Traders😃 I have decided to make this educational post on a trade I took on the 5th of may which took profit after NFP✅ I believe there is a struggling trader who may be having difficulties putting it all together and creating a simple trading plan. The first thing to remember is that trading is probabilities so we try to get as many reasons as possible in our favor before placing any single trade If you see most of my ideas I highlight if a trade is medium probability or high probability and it’s mostly backed by these factors, The more factors in my favor, the higher the probability ⚜️ In this trade I simply used these 5 reasons to get on this trade and all criteria was met perfectly.✊🏽 You don’t need a magic indicator or a lot of lines on your chart to be profitable Remember simplicity is the key 🔑 Just these 5 factors helped me to secure 580 pips on a single trade with a healthy risk to reward too.😊 I caught a similar trade on the 15th of April which I’ve linked below and you can see the factors above Keep things simple and repeatable♻️ God bless you😊 I wish you all a profitable trading career Slick⚜️
FX:XAUUSDEducation
by Slickpapi
9
GBPUSD - 160 pips Banked💰💰💰- UpdateHello Traders Congratulations to everyone who took this trade with me 👏 Congratulation on the USDCHF shorts too another good 100pips👏💰 It was a wild ride but we got through and the news worked in our favor I know some of the members have not yet taken profit due to different brokers but don’t worry 1.40 will be hit God bless you I wish you a happy weekend and be rejuvenated as we start the new week next week Stay blessed Slick⚜️
Long
by Slickpapi
3
EUR/USD - Structure and Forecast UpdateEUR/USD - 4HR Chart We can see price was respecting this ascending channel. We broke with a strong bearish push after price failed to test the upside of the channel. We are currently testing 1.21 which has acted as a key psychological resistance level previously. Will we see the strong bearish move to the downside as forecasted? Watch out for NFP release today - it will certainly increase volatility in the FX markets! Have a great trading day!
Short
by Jal121
2
XAUUSD NFP Weekly Forecast!Hello Fellow Traders, Here is a Full Analysis For XAUUSD. Key things to Remember: GOLD has Respected This Channel Many times In the Past! Weekly Supply Area For GOLD - We can expect Institutions to Sell in this Area! The Best way to follow my Analysis is if the following conditions apply. Conditions - 1. Wait for the Market to Show you some Rejection / Confirmation / Direction 2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk. 7.Show some support Below (Like , Comment , Follow & share) Let Me know if you have any Questions or Comments Below! I have Left my Previous Analysis below for further reference :) Happy Trading & Goodluck! See You in the next Analysis! Global Fx Education
OANDA:XAUUSDShort
by Global_Fx
3
GU Short BiasLast week was NFP, so we expect a long term trend to kick in. So as per the Strategy, we wait for the daily (Monday) candle to finish forming and on Tuesday open we set stop pending orders at 15 pips from high and low of Monday candle then we let market do it's thing, once triggered we exit position by Friday afternoon. As for NFP intraday Strategy, at 1530(GMT +2) when news are released, don't place any trades yet, do the following steps. 1. Switch to M5 TIMEFRAME 2. So once it's 1530 we wait for the candle to finish forming 3. At 1535(still on the M5(5 Minutes timeframe) you use the news candle( the one that just previously closed) then u place stop pending orders at the high and low of the news candle at 15pips/150 points distance. 4. Once either of the order gets triggered you delete the one which didn't trigger 5. Exit position before the day ends.
Short
by BROWN_SWISS_KAPITAL_FX
1
Markets await RBA decisionThe Australian dollar has started the week with slight gains. Currently, the pair is trading at 0.7626, up 0.25% on the day. Friday's Nonfarm payrolls was expected to be strong, and NFP delivered big, with a read of 916 thousand, up from 379 thousand a month earlier. This figure easily beat the forecast of 652 thousand. With the US recovery gaining traction and the Biden administration pouring trillions of dollars into the economy, we can expect upcoming NFP prints to be above the one million level. That is, if the vaccination rollout continues as planned. The US dollar didn't show much reaction to the blowout release, and AUD/USD was muted on Friday. Overshadowed by the sparkling NFP report was a drop in the unemployment rate, which dropped from 6.2% to 6.0%, matching the forecast. Unemployment continues to fall and this was the lowest level since April 2020, prior the huge jump in unemployment due to the Covid pandemic. The RBA holds its monthly policy meeting on Tuesday (4:30 GMT). The meeting is expected to be uneventful, with the central bank widely expected to maintain interest rate and interest rate and yield curve targets at 0.1%. The bank's QE programme of A$100 billion is set to expire but will be immediately renewed for a six-month period.  The RBA has been in dovish mode, stating that it expects to maintain its current stance until 2024, when inflation is projected to reach the bank's target of 2-3%. However, Australia's economy has been recovering rapidly and it's entirely possible that inflation could reach this target well before 2024, in which case we could see rate hikes ahead of the RBA's schedule.  AUD/USD faces resistance at 0.7675. Above, there is resistance at 0.7735 The first line of support is at 0.7543, followed by support at 0.7471.
by OANDA
1
Yen falls to 10-month lowThe Japanese yen has started the week with considerable losses. Currently, USD/JPY is trading at 108.82, up 0.51% on the day. The yen's woes continue, as the US dollar continues to beat up on the Japanese currency. USD/JPY has jumped 5.6% since January 1 and is pressing on the 109 line, which has held since June 2020. The catalyst behind the recent strength of the US dollar has been the recent rise in US Treasury yields. The 10-year bond climbed to 1.60% earlier on Monday, while 30-year bonds rose to 2.31%. The yen is particularly sensitive to rate differentials between the US and Japan, so the increases in US yields are putting strong pressure on the Japanese currency. The higher US yields were in response to the Senate passing a massive 1.9 trillion dollar stimulus package on Saturday. The bill now returns to the House for some amendments, and will likely to be signed into law by President Biden by March 14. Although the dollar's strength is largely due to the increase in US yields, fundamental releases should not be overlooked. A surprisingly strong US Nonfarm Payrolls last week has provided the US dollar with further upward momentum. The gain of 379 thousand easily beat the forecast of 197 thousand, and was the highest reading since October 2020.  Later on Monday, Japan releases a data dump. Consumer spending and wage growth are both expected to show contraction (23:30 GMT). Japan's second-estimate GDP is expected to show growth of 3.0%, confirming the initial estimate (23:50 GMT). USD/JPY broke above resistance at 108.16 on Friday. The next resistance line is at 109.64, followed by resistance at 110.07. There is support at 106.96, followed by a support line at 105.53. There may be an opportunity for buy-on dips as low as 107.50
by OANDA
H4 - Pre-NFP with potential short trade opportunity...Pre-NFP with a potential short/sell trade opportunity on 3 APFs and some confluences. Price retracing to 1.25755 will invalidate the short/sell trade setups and a long/buy trade opportunity might as well come into play. We will see... The market setup, entry, SL, TP, and POR as seen in the chart. Good luck and TAYOR! Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation LLCC - Lower low, lower close HHHC - Higher high, higher close SL - Stop loss TP - Target Profit POR - Point of Ruin RRR - Risk Reward Ratio Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose. Do your own due diligence.
Short
by TheForexSamurai
1
H4 - An opportunity for a potential long trade with catalyst?Today would be the US NFP. Could there be a movement giving me an opportunity to trade the ff. setups? We will see. The market setup, entry, SL, TP, and POR as seen in the chart. Good luck and TAYOR! Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation LLCC - Lower low, lower close HHHC - Higher high, higher close SL - Stop loss TP - Target Profit POR - Point of Ruin RRR - Risk Reward Ratio Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose. Do your own due diligence.
Long
by TheForexSamurai