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Nfpday

What to Expect from Today's NFP? THREE SCENARIOS! What to Expect from Tonight NFP? THREE SCENARIOS! Above shown three different set of arrows (Three Different scenarios ) Scenario 1 (Green Arrows) >WAY better than expected NFP report (Bullish) Trend line continuation. USDJPY may have a spike and retest before a rejection from the major psychological level of 114.5 before going back down to trend line before retesting again.Breakout will likely to occur. Scenario 2 (Blue Arrows)> Neutral NFP report REMEMBER!! MARKET PLAYERS AND TRADERS ALREADY ANTICIPATED A GOOD REPORT. THEREFORE a not so "Neutral" report may be responded with a dovish spike before potentially forming a Head & Shoulder. Neckline is perfectly formed at 50.0 fib retracement. Scenario 3 (Red Arrows)> Bad NFP report This will be a perfect disasters for bears. Since MARKET PLAYERS AND TRADERS ALREADY ANTICIPATED A GOOD REPORT, A Bad report will likely tank this pair to the 61.8 Fib Support at 113.3 or even lower. A support turned resistance will either form at the 50.0 fib or 61.8 fib. Goodluck Fellas! For my live trades. You could mirror me at cm.pepperstone.com
by dmcjk95
EURUSD NFP Strategy: Into the DipTrade tension between the US and China are contributing to the recent USD strength at the time of this writing. New tariffs on China may lead to a retaliation, causing some nervousness in global markets. As a result the focus on the Non-Farm Payrolls (NFP) may be limited, however, some reaction is often seen when the US employment figures are released. Initiating a trade at market price prior to the NFP may require a larger protective stop due to the volatile market conditions that are often seen upon the release of the figures. Our strategy is fairly straightforward, a buy limit order may be more appropriate. I highlighted on the chart the key levels in EURUSD. Do note that this setup is for experienced technical traders only. An appropriate entry price may be at 1.1547, protective stop layered at 1.1500, targeting 1.1620. The estimated duration for the strategy is no longer than 30 - 45 minutes. The risk ratio is poor but it is a short-term strategy. I must also highlight the risk of exercising the strategy as significant volatility may be seen. Over-leveraging is not encouraged. The aim of the protective stop is to contain losses rather than prevent losses. I will rarely post trade ideas with an entry, stop and take profit in tradingview, this is an exception. In an event EURUSD will continue trading lower prior to the NFP where it is only 40 pips from the entry price I suggest to cancel the order. In an event EURUSD does not trigger the entry within 15 minutes after the release I suggest to cancel the buy limit order.
Long
by DDMARKETS
NFP as an excuse for rebounding from the upper border on the $The dollar again approached the upper border of its medium-term range 93.30-95.40. As reasons for this, you can call both an excellent form of the US economy and summer range trading, when assets are circulating from the top to the bottom. As a rule, as a reason for a rebound from the boundaries of the range, one or another fundamental factor is chosen. In this regard, Friday is almost ideal for rebounding the dollar from the upper boundary of the medium-range. Speech, of course, is about statistics on the US labor market. Recall, traditionally the US labor market statistics unit includes the following indicators (see the table below). Pre-Forecast 15:30 USA 3 NFP (July) 213K 190K 15:30 USA 3 Average hourly earnings (m / m) (July) 0.2 % 0.3 % 15:30 USA 3 Unemployment rate (July) 4.0 % 3.9 % In general, the forecasts are good, but the markets by and large need only an excuse. They can also quarrel with the insufficiently rapid growth of wages, as a reason for doubts that the Fed will raise rates, and to the number of new jobs, even if it comes within the forecasts (since the current forecast is lower than the previous value). In addition, the last time unpleasantly surprised by the unemployment rate, which has grown. Plus, the results for the previous period may be revised downward. That is, if you want to find an excuse, you will find an excuse. It is in this we see the vulnerability of the dollar on Friday. Technically, he is ready for a turn and a local decline, and a fundamental reason for this will be found at 15-30, if, of course, they want. Do not exclude the possibility of weak data. The fact is that over the past two years, data on the NFP has never been published 3 times in a row better than forecasts. Maximum - two times in a row. And this was recorded just last month. That is, purely statistical data this week should go worse than forecasts. In total, we believe that the dollar is unlikely to be able to overcome the upper limit of the range, but the rebound from it is the most likely development of events, especially considering that there is still a whole month of summer ahead. Therefore, our recommendation - the sale of the dollar in the upper range.
TVC:DXY
by Trade24Fx
Will USDCAD wake up with NFPR?Is it just me or has USDCAD been sleeping this week? EUR, GBP, all moving like crazy and the canadians are as cold as ice. When I see that I usually expect a big move to come, and considering we've been failing to go lower this week I'll expect a move higher. Even if its only a spike. I say that because this is a reversal trade. CAD is looking strong in general, and I think we will see lower USDCAD prices in the months to come. What's your analysis? Are you also bullish going into NFPR? Share your ideas and let's learn together! Peace, love, and sweet bamboo, tbp Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
Long
by TheBadPanda
4
EUR USD - Interesting setupHello folks , come back to the forex! Today is the first friday of the month , so NFP USA , it would be surely a high volatility day because of this big impact news for the dollar. So my advice is to take position after the news , after the big volatility , but if you have a more aggressive approach , forget what i said! So there is a descending trendline that accompanied the EUR USD falling , now looks like is forming a triangle and this zone might be a good point to go long , with a SL below lows and TP around 1.20700 previous support zone, another reason is the strong falling , looks like need a retracement and this is what we want to take. Don't take that as financial advice and be careful to trade today , it would a high volatility day. Have a nice day!
Long
by maro9392
EURUSD at 20 day Exponential Moving Average support.The 20 day moving average is a strong point which plays big part in how the future trend is set and detected. Setting up for a trade, short term selling from under 1.23 to 1.2270 may play a good trade short term trade, below it is stronger support directly to the 1.2200/1.2190 trend line support where more buyers are emerging. Be careful and follow also everything connected with news and don't forget next week is NFP's week. -------------------------------------------------------------------------------------------------------- Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. Supplied information is not advice.
by TheTrade_Academ
EURUSD UncertaintyCurrently, the sentiment of the pair seems to be clearly inclined to a down movement of the price. But we should rather wait until Friday to find out more about what will be the real direction of the pair. Note that the US is strongly considering a hike in interest rate which can cause the USD to grow much stronger. However, the France is currently on crosshead of most European traders. Le pen is one step ahead against his opponent. Her winning the presidential election will be crucial for the Euro and combined with the increase in the FED Interest rate we can almost definitely conclude that the EURUSD pair will undergo a downfall.
Short
by Hizmaylof
DAX NFP MOVEToday we have the big NFP event again. With US elections coming, more and more signs of a rate hike coming soon, Brexit and other fears in the market (like a potential new banking crisis), today's NFP could push the markets into bear modus. Either if the number beats expectations (225K or more), which means rate hike can be incoming soon, or the number is lower than expected (below 150k), which means the economy is failing, I believe the move of the markets will be down. There is only one IF, that is IF the markets push much lower before NFP release, this could be trickery. Key Levels DAX: - 10800 Prepare to short - 10250 Prepare to long - 10400-10420 1st Target short - 10360 2nd Target short
FX:GER30Short
by Chris1983