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Nonfarmpayroll

What to Expect on NonFarm FridayStocks 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 several levels of support before that at 3293 and 3279. There are several more before 3200, which is a very strong technical and psychological number. Nonfarm payrolls today will play a huge roll in whether the S&P can keep current levels or dive further.
FX:SPX500Short
by quantguy
The Best Way to Trade Nonfarm Payrolls!The unprecedented world wide Coronavirus pandemic has put the markets on edge and set expectations really low for virtually all financial data points. Considering this, Non Farm Payrolls came in very strong, or at least not as bad as expected. Stocks reacted accordingly, and this tutorial is about how stocks react to strong numbers. This occurs in three phases: Phase 1: Initial reaction - In the event of a number that the markets perceive as 'strong', stocks will rally accordingly. This usually continues until they hit a Fibonacci level or other technical level, or traders take profits. Phase 2: Retracement/Squeeze - The rally discussed above usually will continue to around 9:00am or so. Don't forget that NFP comes out at 8:30am which is before the North American open. At this point, futures traders have taken profit, and stock traders are gearing up for the open. Watch the Kovach OBV to make sure that this retracement is not a reversal! Phase 3: Continuation at open - At 9:30am, the US markets open, and stock traders clamour into trades pushing the markets up again. Stocks could retrace later on in the day, or set the stage for strong growth in the subsequent week. Hopefully this tutorial can help you set up for some good trades if you see this behavior! If you want to learn more, check us out at Ghostsquawk!
FX:SPX500Education
by quantguy
Best Ideas for Stocks on NFP FridayStocks 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, watch for support around 3100 from technical and Fibonacci Levels. Note that the Kovach Momentum indicators are solidly bullish so wait for a dip to enter a long if you are bullish.
FX:SPX500Long
by quantguy
Either which way for NZD/USD - its all on 13:30!!!!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 which will be the worst on record will miss target and be worse than expected. This could induce heavy dollar selling but if the numbers come in as expected we could see a USD bounce. I'm positioned SHORT because of the technicals but I have an ultra tight STOP which will be tightened more before 13:30. This could be very interesting!
by theforexportal
The DOWn JONES On Schedule For May 6th-8th Reversal?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 deal). Normally, I wouldn't be looking for this speculative of a play. But if we get to the $25,200-$27,100 zone, this hits my targets on previous charts and has strong confluence with the FIB Zones. I then decided to ask the question what type of PLANNED news events around May 6th-8th that would cause this reversal within the fundamental narrative. NEWS TO EXPECT May 8th *Non-Farm Payroll *Unemployment Report *Average Hourly Earnings *Wholesale Inventories Please do your own due diligence and remember this is NOT trading advice.
DJ:DJI
by ChartProphet
4
USD/CHF SELL SIGNAL as preparation for NFPsHey tradomaniacs, welcome to another free trade-plan. Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation. Trade carefully ahead the Non-Farm-Payrolls! Type: Day-Swingtrade Splitt this trade into two positions, each 50% position-size. Both positions have the same Targets. Position 1: Sell-Stop: 0,97165 Stop-loss: 0,99040 Risk-Reward: 2,7 Position 2: Sell-Limit: 0,98465 Stop-Loss: 1,00245 Risk-Reward: 3,31 Targets: Target 1: 0,95505 Target 2: 0,93915 Target 3: 0,92470 Stop-Loss: 100 pips Risk: 1-2% Risk-Reward: 3,88 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
It's a long time i am not posting analysis.. but i am back.BUYEUI don't remember last time i posted one of my analysis. It's passed so much time... but i think it's time to get back and share my ideas. So, here you are a fresh signal before the NFP. EURUSD has made a consecutively 4 bear bars on weekly charts. History is clear, usually when EU is too much oversold... pullback is coming hard. Next, we are on important pullback zone. 1.100 is an important price, and looking on H1 tf i can clearly see a MACD divergence, that can anticipate a rally up. I suggest you to wait eu to come back to 1.10100 again before buying, or enter now with small size and buy again later. The target are marked with red lines, also the possible retracement. What do you think guys? Hope you appreciate :) I'm back :) Simo
Long
by SaliJournal
1