NON-FARM Spike Cap projectionsRange into 830 eastern time . Spike area caps up near 1740 topside and 1660 on the bottom.
Nonfarmpayroll
XAUUSD (NFP!!!) | Uncertainty VS. confidenceGold has always been a safe haven for investors - we are currently awaiting the one report to end all reports; NFP. Because of the uncertainty in the markets, investors will put their money in Gold, sending the price of XAUUSD upwards. Should we get a GOOD NFP report, XAUUSD will then plummet back down to the 1300.00 region as investor confidence grows again.
EURUSD (NFP) | Non Farm Payrolls to decide it's fateEURUSD is currently resting upon an extremely strong, very long-term support/resistance level of 1.19000. The upcoming Non Farm Payroll report will decide whether the price will bounce off the line or break through it to sell to the subsequent levels.
Will Nonfarm Payrolls Spark A Move Lower In The Dollar Index?!Hello Traders,
I hope everybody is doing great.
After I covered the EURUSD in the daily chart, let’s have a look at the equivalent instrument which is the DXY.
From the 2018-02-16 low to the peak of 2018-04-05 you can see clearly that the DXY has moved in a sideways to higher trend (No higher highs or lower lows). So it was just a matter of time when the consolidation breaks. Either to the upside or downside.
You can see that after the important 2017 resistance levels of around 90.99-91.31 broke higher, it accelerated in an impulse higher. That is a so-called trend acceleration cycle.
You can see that it has been trading higher in a narrow uptrend.
So what next?! Well, for me it is simple. The DXY is still in an intact downtrend, and any move higher should be taken as a correction. Markets never move in one straight line higher or lower, they correct, trend, and consolidate and so on.
With tomorrows NFPs coming up. I am expecting the DXY to get weak again. At least for a pullback lower.
The next important daily level is the resistance now acting as new support level of 90.99-91.31. Also, the DXY is currently sitting at the 61.8 Fibonacci Retracement from the decline of late 2017. It can be a possible turning point.
It can be the case that with the NFPs the DXY can spick higher to take some stops before turning lower like I drawn in the chart. Let's see.
This view will be invalid once DXY breaks 95.15 resistance.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourselves in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
Bullish Flag to 1.25Buying this 1.25 for today's price indicating bullish engulfing, and Friday's price action (doji candle) indecision in the market, this setups a continuation buying trade of Euro dollars, and forgetting the strong US Nonfarm Payrolls numbers
Price is above 50, 100, and 200 Moving averages
$EURUSD - A LONG & SHORT TERM TRADING IDEA AHEAD OF JOBS DAY Hey Traders! In today's video we're going to take a look at the $EURUSD and review both a short term & longer term trading opportunity. One thign I love about doing videos is that I don't have to spend a lot of time typing in my ideas so...GO WATCH IT!
USDCAD DAILY (Video) - A Potential Structure BuyHappy new years traders! Here's a trading opportunity that is on my radar for this week on the $USDCAD
Fibonacci retracement setup-CHFJPYClear 38.2% fibonacci retracement has formed in the chart. Also, MA50&MA200 has been rejected. We can expect a new bearish impulse at the breakout of the corrective structure.
EURUSD bullish bat patternEURUSD, much like the GBPUSD idea I Posted recently,
after breaking the B point, a potential bat pattern long opportunity is worth planning!
Especially when there is non-farm payroll tonight!
There are still 140 pips away, but if the volatility is big enough to let it reach the area tonight,
I'll be willing to look for potential long opportunity!
GBPUSD and even USOIL, I drew similar bullish bat patterns and both bounced before finishing the pattern.
And actually, I still did take some intraday inside bars long on both.
Harmonic patterns are much more strategies and inside bars are tactics for me, before the mid-term strategy hit the entry area,
some daily inside bar trades can still participate in some great intraday trend!
EURUSD POTENTIAL DOWSIDE TARGETSOn the daily time frame we have a possible 5-Elliot wave formation, with the 5th impulse on a 1.217 extension. Price is currently sitting around the monthly and weekly resistance level (1.200). We can possibly trade the correction wave to the downside on PA confirmation. We have multiple possible trade setups for different strategies and styles of trading. We have our weekly trade and possibly a trade setup that will run between two to four weeks. This is only a trade “IDEA” our trades will be only executed on price action confirmation. If price does break and close above 1.200 and hits our stop loss we can possible see price extend to the 1.618 extension (1.2300); we will also seek further shorts from this level on PA confirmation.
Look out for a breakoutThe non farm numbers are coming out. I think these can break the trend and we will have a good trade to the downside. The RSI and MacD are showing good divergences, supporting this.
NZDUSD: Bearish CypherThis pair has broken the uptrend line and I believe it will retest the trend line before or during the NFP data release tomorrow to complete a bearish cypher pattern. This will give us a great opportunity to short. I am looking to swing this trade to about a month due to the level of structure it is at.
Trade with care.
USDJPY Small Triangle on Upper Trendline of Large D1 WedgeA small neutral triangle has formed on the upper trendline of a much larger wedge that can be seen here on the D1 Chart:
If the smaller triangle breaks to the upside, the entire wedge might break with a large move in that direction. If the Upper trendline holds, look short to the bottom of the shape.
Lastly stay mindful of Non-Farm Payroll data that will be released on Friday at 12:30 UTC (Black vertical line on chart)
AUDUSD ShortAUDUSD broke descending triangle on daily time frame, in H1 it is forming a wedge break below will confirm the leg down towards .73000 area which in confluence with 78% fib and daily triangle's target. It may retest the H1 wedge's resistance before moving lower or break it and fall. Non pay farm payroll ahead......HEDGE YOUR RISK PROPERLY..
USDCAD Short IdeaUSDCAD is at the top of the corrective channel of the overall major downtrend. Therefore this trade presents a good risk to reward ratio.
If you look at the daily RSI its highly overbought as well, with major news coming up for both the currencies it could be a trigger for the next down move.
Zoom into lower timeframe for a better entry.
You can DM me for entry points, targets, SL, etc.
[EUR/USD] Non-Farm Payroll Short Term Pip MovementThe following information is helpful for those who trade binary options or short term spot Forex.
Primarily meant for Binary options traders who want to know the volatility of the NFP release for purchasing short term contracts.
Pips are not EXACT, as I used the price range tool rather than Open Close on candles. (next time)
I do not suggest using this data for 5 minute contracts.
Let me know what you think in the comments below or toss on a like!
Stay tuned and follow for this Friday's NFP Binary Options Trade, I'll be posting my entry right before!
USDJPY NFPNFP should create highs and lows in between the two blue arrows I have placed on the chart providing a few good opportunities to trade UJ
XAUUSD NFPNFP should create highs and lows between the two blue arrows I have placed on my chart. By doing so it will create a 120 pip range and provide some good opportunities for positions.
DXY for NFP! A little setup I'm looking at! Whether the news is good or bad I'm expecting this move! Trade responsibly! :D Thanks for the support! :D
Gold Breaches 1220 but Ends the Day BelowGold pushed up past the 1220 resistance level for the 3rd time since the start of the year, only to be met with strong resistance and falling back under 1220 to be within the range from 1182 - 1220. While I am still long, the upper wick on today's candle is not the most encouraging for the bulls.
On the bullish side, price is still above the 6, 8 and 21 day moving averages and sandwiched between the 1.0 and 1.5 Bollinger Bands (blue and cyan respectively). The Heikin-Ashi chart below is a little more encouraging with the 3 previous days showing solid green candles without bottom wicks.
Tomorrow is NFP at 8:30 am EST. Let's see if that can push price past 1220 once and for all and get this bull moving!
Gold Pushes Up Against a Potential Triple TopGold started the day with a big selloff but then recovered after the FOMC and Janet Yellen announced that they would not be raising interest rates at this time. Gold is now attempting to break out of a potential triple top at $1220. If Gold can break through, then the first target would be 1241.7, the .618 fib extention from the bull run that started at the end of last year. With jobless claims tomorrow at 8:30 am EST and Non Farm Payroll on Friday at 8:30 am EST, there can be some potential big moves coming up for the precious metal.
The main chart today is complete with all the indicators that I use. The first chart below is the same but with Japanese Candlesticks, called Heiken Ashi. They are really good for showing trends. As you can see, we are now into day 3 of this uptrend.
On this next chart, I've removed most of the chart objects to show only the basic Bollinger Band and Moving Averages. It's clear to see that price has separated from the 6 and 8 day moving averages and has ridden the mid line of the Bollinger Band higher.
Feel free to ask any questions or leave comments. I am always interested in having thoughtful discussions on price action to improve all our trading.
