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Nfpday

BluetonaFX - EURUSD Pre NFP ReportHi Traders! Ahead of the NFP announcement later, EURUSD is trading near its weekly high in anticipation of possible weak jobs data coming out of the US.   Price Action 📊 The market's price action is currently bearish, largely due to the double-top pattern. The market recently had price rejections at the weekly high of 1.06750. That being said, we are currently still above the 20 EMA and must be wary of this. Fundamental Analysis 📰 The US recently posted weaker than expected PMI figures and ADP Non-Farm employment change, and with the Fed not committing to further interest rate hikes, traders may back to being nervous about the US dollar again if the NFP number is weak. Support 📉 1.06149: 20 EMA 1.05166: WEEKLY LOW Resistance 📈 1.06750: WEEKLY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
by BluetonaFX
USDCAD Elliott Wave: Anticipating Downward CorrectionThe USDCAD currency pair has recently exhibited a noticeable five-wave impulsive upward movement. This analysis suggests that wave 5 of this impulsive move has concluded at the level of 1.3791 . Consequently, I'm anticipating a corrective ABC wave pattern to the downside. At present, my analysis indicates the potential for the support level at 1.36892 to be breached, serving as confirmation of the downward movement. A conservative approach would involve entering a position upon the retest of this support level once it has been breached. It is important to exercise caution with respect to this pair, as it may experience increased volatility due to the release of Non-Farm Payroll (NFP) data and employment change figures for the Canadian Dollar (CAD) today. Based on this analysis, my medium-term target for the pair is 1.35753 , with the ultimate target identified at 1.34887 . This outlook becomes invalidated if price breaks the 1.37910 to the upside. Cheers!
Short
by Samuel124
THE KOG REPORT - NFPNFP – KOG Report: This is our view for NFP tomorrow, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. We’ve done well with Gold so far with our bias and targets to the downside being completed. We suggested on the KOG Report that we’re a bit low in a region here to attempt shorting, unless scalping using the red box strategy which has done well. For NFP, we’re likely to sit out as we want to see where they take the price and close the daily and weekly candle. This we feel will determine whether to start longing the lows temporarily, or, to continue with the bias to the downside looking for a temporary bottom before an aggressive push up. Our Monthly, and weekly charts still show lower targets, but we’ll have to play it how we see it. For this NFP, we’ll be looking at order regions and extreme levels only. If we don’t get them we’re happy to sit out and wait until next week where better setups are sure to arise. For new traders, we would suggest you don’t trade the event, rather wait until next week and then look for a good set up to get in. We have the levels above order region 1830-35 which if held could represent an opportunity to short the market down into the lower levels below 1800 as illustrated on the chart. Please note, breaking below 1790 and we will suffer further losses before a technical retracement, breaking above the order region will take us in the next level above. Above the first order region we have 1850-55 and 1860-8 in extension, these are the first resistance levels we will be looking at for a reaction in price to take this down. Again, breaking that level and the next region above which is preferred is 1880-85 which would represent an opportunity to short the market. The reason they’re stretched is because the price is stretched, and unless we get a good return on our trade, we’re not interested in the noise. Please members, don't try and trade this up and down! Look for one level which fits with your analysis and strategy, wait for it and test it with a risk strategy in place. Those who think they will be able to long into one level, then short it back usually fail, unless they're experienced traders. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
US30 - NFP day - Welcome to September Hola ! Happy Friday traders - Mid Cycle of the 3rd quarter for 2023 As mentioned in my previous post, US30 gave us bullish momentum throughout the week and during NY session we seen the bears take over completely. Am i the only one seeing all the sellside liquidity getting built ? Im in two minds with it being NFP today - shit is going to be wild. Thinking the 35007 area is hotzone(Jul to Aug Flipzone to create bearish momentum). If we get a clear MSB and retest i will go long. If the bearish flipzones are respected. We may attack last months lows before the bull rush takes over. I tend to stay away from major news events like this. Market can be really volatile and sweep both sides before moving in the intended direction Best of Luck - Follow your rules !
CAPITALCOM:US30
by KingDee57
2
US30 Analysis Today's focus: US30 Pattern – LH Support – 34,560 Resistance – 35,030 • Price set a new failed high, pressuring the current rally • US Employment data at due 8:30 am Today, we have run over US30 technicals and price action after yesterday’s selling set up a failed rally that could become a new lower high. We don’t have a directional bias at the moment, but we feel there are a few things to mention and watch heading up to today’s NFP data. Could weaker data support buyers, and if we see higher than expected data, could this maintain rates worries and drive price lower? Have a great day and good trading.
EIGHTCAP:US30
by Eightcap
NZDUSD Struggling to break 0.61Hello Traders, today the FX:NZDUSD pair in struggling to break the 0.61 level and re-enter in the local channel (highlighted by yellow trendlines). Today operativity will be to monitor 2 things : 1. A break of 0.61 that wil give the possibility to re-enter the channel and target the 0.62 levels probably the coming week 2. If prices stay below the 0.61 level the sentiment could turn bearish targeting the 0.598 level that represent the bottom of the mail descending channel. I'm expecting big volatility due to NFP and Uneployment Rate at 14.30 UTC+2 Levels to watch and trade: - 0.6125 200 MA on 30M chart that represent the resistance - 0.6065 we have the support So, a break and close above 0.6125 will be considered as a bullish sign targeting 0.62+ levels and a break below 0.6065 a bearish one targeting 0.6020 and further. In my opinion the best thing to do is to trade according to the mentioned levels and avoid trade the news because you might break your account.
by IllyrianTrader
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!
Long
by BKTradingAcademy
2
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.
Short
by DebTradess
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
by JustTradeSignals
5
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.
OANDA:XAUUSD
by WhaleGambit
4