GBP/USD Weekly Forecast - Week Commencing 05/03
Weekly Fundamentals: (High Risk events)
Friday 10th March
13:30 GMT USD - NFP (Previous: 227k Forecast: 190k) - Note: Recent FED rhetorics have been hawkish with a March rate hike almost certain. A very poor NFP figure would be needed to make a bearish impact
13:30 GMT USD - Change in Unemployment (Previous: 4.8% Forecast: 4.7%)
Analysis:
Looking to enter a long position once there is a break of 1.64660. The is MACD confluence on 1W and 4Hr. Waiting for the 1D time frame to show this before a long position which should come into play after the break of this resistance.
Friday 10th March
13:30 GMT USD - NFP (Previous: 227k Forecast: 190k) - Note: Recent FED rhetorics have been hawkish with a March rate hike almost certain. A very poor NFP figure would be needed to make a bearish impact
13:30 GMT USD - Change in Unemployment (Previous: 4.8% Forecast: 4.7%)
Analysis:
Looking to enter a long position once there is a break of 1.64660. The is MACD confluence on 1W and 4Hr. Waiting for the 1D time frame to show this before a long position which should come into play after the break of this resistance.
Trade active
Entered at 1.22600
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.