Check the importance of 1910#GOLD.... Market exect hold whole night your area 1909 10,
That was upper line of our expected range and placed 1916 near our expected upside target after range breakage.
Now market have 1914 15 as major resistance and downside 1907 arround will be our supporting line,
Let see what will be done from market in today,
trade wisely
Good luck
Nfpday
USDJPY I Expect to rise after 339K May NFP report Welcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
NZDCAD short ideas (swing and intraday)Trending down. Daily we reached 78.6 fib & daily OB. On 4H chart we can see how price has reacted off a 4H OB. Asian range has been pierced through the upper side and now price is trading below it. Trade is on if we see a clear displacement down off current level and a retest of the 0.85030 level. Ideally right after NY open and NFP.
For the swing: SLwould be above Daily OB. TP1 @ 0% D fib. TP2 @ -27% D fib.
For the intraday: SL would be above 4H OB. TP1 and 2 as marked on chart.
Trade invalidated if price doesn't displace down and comes back into asian range instead.
Catalytic effects of NFP DaysAs you see NFP release days often generate reversals, minor pullbacks on daily or are at the beginning of big moves, acting as catalysts.
Though I dont believe in big NFP reversal starting on low volume trading days, as we are in Easter Holidays. Hence today´s NFP day may go unnoticed as most of traders are gone for Easter holidays.
But otherwise we could see a catalytic move.
FOR EDUCATIONAL PURPOSES ONLY.
NFP on Good Friday | What to expect?"What to expect from NFP on Good Friday?
What is Good Friday? Good Friday is a federal holiday, which means that US equity and bond markets are closed. However, the futures market, as well as the forex market, is open. Good Friday is a rare occurrence, but it has happened in the past. The last three times it occurred were in 2021, 2015, and 2012.
Let's take a look at what happened to the price action on these past data releases when NFP came out.
EURUSD moved in 2021, 2015, and 2012.
USDJPY moved in 2021, 2015, and 2012.
This tells us that the move is comparatively smaller than on normal days' releases, and it has a lot to do with FED policy action. This time, the FED has given a hint of not increasing interest rates anymore.
The best decision here is to stand aside because the market is less volatile and may remain in a range for today.
Let us know what do you think of the idea
Double bottom ideaPrice action has started to build a double bottom formation. If we break the resistance we can see the price visits the weekly resistance. Targets are 1874 (WRP1), 1888(WRP2) and 1925(WRP3).
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
AUDUSD TRADE IDEA / SWING TRADE / SHORT (NFP - RISK EVENT)This is trade idea for AUD Swing Trade
-Sell in Fib Golden Ratio Area or H1 OB-, you can choose one according to the confirmation that will occur.
-Hawkish of Powell Speech (FED) pushes AUD to drop further to find Demand area for buy.
-Risk Reward 1:4
NFP PREDICTIONThe current US unemployment rate is at 3.4%, the lowest level in over 50 years. The previous NFP report indicated that 517,000 new jobs were created during January 2023. So, even with a drop of -300,000 jobs compared to January, the forecasted 200,000 new jobs created during February 2023 still implies that the US labor market remains strong.
On the 1st Friday of every month investors expect the release of the US nonfarm payrolls (NFP) report.
Since February was a short month with only 28 days, the March NFP report was pushed forward one week to March 10th.
If price is a leading indicator, then the NASDAQ 100 index year to date price action suggests that investors are not so concerned about the risk of the US economy falling into a deep recession. It seems like investors have been supporting risk assets even in the face of a strong labour market, “sticky” inflation, and the prospects of higher interest rates for a longer period of time.
USDJPY I NFP Results! Goal Achieved!💰Welcome back! Let me know your thoughts in the comments!
**USDJPY NFP Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
NFP set to be Bearish, Here's Why 😉👇After some careful analysis I've come to the conclusion that the NFP may want to push the market into a downfall. The week has been quite bullish since the week started and a weekly significant high has already been taken, I believe it's time the market corrected some price imbalances it left out on the rush to the upside. The Fair Value Gap highlighted by that triangle is best visible from the 5 Min Chart to see where the idea is coming from.
Let's Play a Game, If I'm Right, You Follow... deal 🤝
Enjoy 😉
NOTE: NOTICED MY FIRST POST HAD 2 CHARTS OVERLAPPING, THIS IS A REPOST
NFP set to be Bearish on NASDAQ 👇😉, Here's WhyAfter some careful analysis I've come to the conclusion that the NFP may want to push the market into a downfall. The week has been quite bullish since the week started and a weekly significant high has already been taken, I believe it's time the market corrected some price imbalances it left out on the rush to the upside. The Fair Value Gap highlighted by that triangle is best visible from the 5 Min Chart to see where the idea is coming from.
Let's Play a Game, If I'm Right, You Follow... deal 🤝
Enjoy 😉
NFP Possible opportunity and trading setupsToday's NFP print is coming in 2h and 30m, trading plan following.
In the last couple of days we got higher Labor data with Jobless claims, Jolts data printing way better than market expectations, and these 2 components fit into the NFP this might mean that on the aggregate the 185K US NFP estimation might be slightly higher than that. Anyways, let's move into the NFP now.
The bulk of market participants are between 150-200K and for exaggerated movements, we should look for anything below 150K for US$ shorting or 200K for US$ long. As a second layer of risk, we can use 125K to the downside and 225K to the upside which will give us the ultimate trading conviction.
US NFP printing higher than 200K (Risk x1)
US NFP printing higher than 225K (Risk x2)
EURUSD - GBPUSD - GOLD - BTC - SNP - NDX 🔽 USDJPY 🔼
US NFP printing lower than 150K (Risk x1)
US NFP printing lower than 125K (Risk x2)
NZDUSD - AUDUSD - GOLD - BTC - SNP - NDX 🔼
-Extra notes-
Average Hourly Earnings (YoY) and Unemployment rate need to be considered as a second layer of conviction into this trade setup...
They are similarly essential and if they give a very different picture than NFP then we should be considering this in our analysis and either deduct any risk from our positions or even close our positions after all.
Average hourly earnings YoY have a previous Result of 4.6% and an estimation of 4.3% above 4.4% or below 4.2%. The vast majority of the analysts will be surprised by a result of 4.2% and below or 4.4% and above.
The US Unemployment rate has a previous result of 3.5% and an estimation forecast of 3.6%. The vast majority of the analysts will be surprised with a result of 3.4% and below and 3.7% or above.
Consider the above as possible conflicting factors or boosting factors to the NFP result, also don't forget that the Unemployment rate lower is US$ hawkish, and the Unemployment rate higher is US$ dovish.
GBP/JPY NFP 03- 04/02/2023 Possible drop too 155.500 to see if the market will break or pull, considering there is nfp new tonight expecting the drop to continute to 149.000 to wick that demand zone and continue bullish....
banks will take out buy orders at 155.500 stop hunt the orders/ I personally think tonight will have a lot of manipulations for people to buy and get stopped out till NFP news comes out with a finally bearish wick to 149.000 as done previously before the bullish movement let me know what you think .. good luck tonight lets get it $$$$
USDJPY I NFP Outlook Welcome back! Let me know your thoughts in the comments!
**USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURUSD long viewToday we could expect to see the euro's recovery despite the NFP news that awaits us later. The current scenario on the 4H chart is that we have support in the lower trend line and at the 78.6% Fibonacci level. We could expect a recovery of up to 0.99000 and a maximum of up to 0.99500.