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AUDJPY - WILL CONTINUE TO FOLLOW THE MARKET SENTIMENT ??- Today presented their Monetary Policy Statement to AUD. They further stated that it is imperative that their statutory reserve ratios be increased further. No. It will in some way build a POSITIVE SENTIMENT to the Australian dollar. There is not much important news for JPY today. So the AUDJPY MARKET SENTIMENT will be FOLLOWED. - AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEUTRAL SENTIMENT. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an understanding of COMMODITIES is a must. - The AUD FEATURE sold out a bit last week because the MARKETS continue to RISK OFF. But now HIGHER has got a HIGH. And then it's PULLBACK again. AUD FEATURE stands at 0.7039 LEVEL. JXY is currently down a bit. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. Price is below AUDJPY DYNAMIC LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS. - AUDJPY PRICE can go to 91.14 LEVEL before UP. Then you can UP to 96.00 LEVEL. Buying AUDJPY is a bit risky if VIX is UP. Currently VIX is becoming UP. So wait until VOLATILITY RED and get the AUDJPY BUY ENTRY.
by benny_marshall
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW- There is not much important news today for EUR or GBP. But this week's LOW IMPACT for EUR, but some very important news will be released. So we definitely need to be vigilant about the EUR today. - EUR FEATURE currently stands at 1.0592 LEVEL. We can see a very UP TREND compared to the previous days. This is because of the fact that ECB offers a very HAWKISH CENTRAL BANK UPDATE. It is located above the EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2351 LEVEL. The EURGBP PRICE is priced below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS. - EURGBP PRICE can be DOWN to 0.8498 LEVEL before UP. Then you can UP to LEVEL 0.8584. Also the MARKET SENTIMENT may change after NFP. Be aware of how the ECONOMIC INDICATORS and MARKET SENTIMENT differ.
by benny_marshall
GBPUSD : Current Situation & Technical , Fundamental View- It is not possible to find any important ECONOMIC INDICATOR for GBP in ECONOMIC CALENDAR today. We can look forward to the USD NFP DATA release today at the NEWYORK SESSION. You definitely have to be careful about that. - DXY is currently at 103.533 LEVEL. Above the DXY 100 is a very good STRONG condition. Also the GBP FEATURE stays at 1.2443 LEVEL. GBPUSD PRICE has gone below DYNAMIC S / R LEVELS. Maybe DYNAMIC S / R LEVELS can be UP before moving further. Then most of the time the PRICE can be sold in the form of STRUCTURE. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS. - GBPUSD PRICE can be UP to 1.2588 LEVEL before DOWN. Then you can DOWN to 1.2080 LEVEL. According to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. Then GBPUSD UP to 1.3192 LEVEL can be USD if a NEGATIVE SENTIMENT is received. FED UPDATES are very important for that.
by benny_marshall
4H USDJPY buyers setting sights on resistance retest? Hi, trading view community. Looking at the $/J, the current 4-hour uptrend continues to trade above the range high, but the real test for us is above at 131.00. Price looks to be struggling at this stage close to the European open. If we did see a new move back to and above 131.00, you would think that buyer momentum is back on track, and the current trend has further to run. Today’s US employment figure could be a make or break after a very choppy two days of trade for the USD. Good trading
Long
by Eightcap
XAUUSD 12H TA : 05.02.22 (Update)If this current strong price support is lost, we can expect a drop to the $ 1845 range . but its not , (PLEASE SEE THE PREVIOUS ANALYSIS) Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 05.02.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
OANDA:XAUUSDShort
by ArmanShabanTrading
2
Are we going to see a new low on EURUSD this week?The downside move continues and it looks like we will see another low on EURUSD. The pullback that happened on Friday gives us a chance to enter short again with targets at 1,0400. This week, we also have FED Interest rate as well as NFP. That could possibly mean big moves and potential reversals. At the beginning of the week, we're looking for a breakout of the previous low and we don't want to see price breaking above 1,0600!
Short
by ForexTrendline
22
Euro stems bleeding as CPI hits 7.5%Inflation has been skyrocketing in the US and UK, giving the Fed and BoE plenty of sleepless nights. Inflation levels had been lower in the eurozone, and ECB President Christine Lagarde has not made inflation a priority, arguing that high inflation would ease. Meanwhile, eurozone inflation for March jumped to 7.5% YoY, up from 5.9% in February and above the consensus of 6.6%. Ahead of the release, ECB Vice-President De Guindos said that inflation should peak in the next two or three months. Clearly, the ECB brass has no intention of tightening policy in response to accelerating inflation. Lagarde has acknowledged that this stance will put the ECB out of sync with the Fed but has argued that the two central banks are dealing with different economic conditions. According to Lagarde, the war in Ukraine is having a much greater effect on Europe than on the US, which requires different policies from the two central banks. Lagarde can make a case for not embarking on the same rate path as the Fed, but what happens if inflation does not peak in the next few months, as the ECB is counting on? If that happens, Lagarde could choose to stick to her guns, or she may have to finally begin to tighten policy in order to curb inflation. The week ended on a high note, as the US employment report was quite strong. Nonfarm payrolls posted a solid gain of 431 thousand, although this was shy of the estimate of 490K. The unemployment rate fell from 3.8% to 3.6% and wage growth rose to 5.6% YoY, up from 5.2%. There is weak support at 1.1049, followed by 1.0940 EUR/USD faces resistance at 1.1114 and 1.1158
by OANDA
XAUUSD - KOG REPORT NFP!KOG Report – NFP This is our view for NFP today, 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 can cause aggressive swings in price. We’re seeing the price move with in a tight range now with MAs starting to converge in preparation for the NFP release. We would strongly suggest you stay out of this one, there is potential today for the move we were expecting yesterday for end of financial year. We’re going to use the hourly chart for the illustration but we’re going to use the 4H chart for the levels. Reason for this is we again will be waiting for key extreme levels if we do decide to take a position. So, on the hourly we can see the immediate trend and a potential H&S in the making. The right shoulder is sitting around the 1940 level which may act as support, however, there is a level above which is around the 1950-55 price point where again there is liquidity waiting. So we will trade this with two scenarios in mind, for both we will be using the 4H levels on the hourly chart. Scenario 1: Price pushes to the upside, in the scenario we will be looking for the price to stay below the 1960 level. If we see rejection and resistance around the higher level we feel this would represent an opportunity to short the market towards the lower levels of 1930-35 and below that 1910. If we do take any entries we will be taking partials along the way as long as they’re in profit and protecting the trade. Scenario 2: They push the price downside, we will be looking for the first reaction around the 1910 region where we feel there will be some support. There is a chance this level will break to the downside if we come down here so we will wait for the lower levels of 1890-85 where we feel there will be am opportunity to go long. The range is big hence the levels are further apart. While Gold is moving 2-500pips a day and swinging wildly its too risky to trade the immediate levels on NFP unless you’re an experienced trader with an effective risk management strategy in place. This could all be an anti-climax and we hardly move, in which case we’re happy to sit tight. The market has been nice to us last month and we don’t want to give anything back so we shall remain on the defensive and maintain patience. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
18
XAUUSD ( GOLD ) - FUNDAMENTAL & TECHNICAL ANALYSIS with NFP⛔️ There are two special indicators that affect GOLD today. Among them are the ISM MANUFACTURING PMI, and the US LABOR DATA. These are the most important ECONOMIC INDICATORS and these are the HIGH VOLATILIE INDICATORS. ⛔️ US10Y currently stands at 2.34% LEVEL. CORE PCE DATA was released yesterday but I could not see much HIGH VOLATILITY. US10Y was a bit WEAK at the time. But now the US10Y is becoming UP again. But the data came in fairly good. But USD10Y LONG TERM is going to be UP if this MARKET CONDITION is SUPPORT to USD. Also DXY has been up to 98.48 LEVEL. ⛔️ GOLD PRICE is currently available on DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be UP in the future. SHORT TERM is for UP SIDE. But the war may escalate again. Because Ukraine is already launching attacks on Russia. So GOLD may be slightly UP, but LONG TERM may be GOLD DOWN in the future as well. ⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. ⛔️ GOLD PRICE can RETRACE from DYNAMIC LEVELS. It's very important to us. Maybe after reaching the dynamic level the price can be hugely VOLATILE with the economic data coming up today. ⛔️ The chance of creating a DOUBLE TOP opportunity again before the GOLD PRICE goes DOWN is very high. So GOLD can definitely go back to the 1966 LEVEL. Then you can definitely DOWN GOLD price up to 1895 LEVEL. ⛔️ However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first. Today's NFP DATA may change the MARKET SENTIMENT in the future.
OANDA:XAUUSD
by benny_marshall
EURUSD WILL GO UP ? DXY WEAK OR NOT ? NFP + ISM⛔️ This is a very important week for EURUSD. CPI DATA for EUR is to be issued. This is a very VOLATILE event for the Euro. Because it is a very important INDICATOR. Among them are the ISM MANUFACTURING PMI, and the US LABOR DATA. These are the most important ECONOMIC INDICATORS and these are the HIGH VOLATILIE INDICATORS. ⛔️ DXY is currently at 98.44 LEVEL. Also the EUR FEATURE stays at 1.1091 LEVEL. The EURUSD PRICE is located on the DYNAMIC S / R LEVELS. Most likely the PRICE will be SHORT TERM UP up to 1.1228 LEVEL. ⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. ⛔️ The EURUS PRICE can be UP to 1.1228 LEVEL before it becomes DOWN. Then you can DOWN to 1.0849 LEVEL. According to the LABOR DATA and ISM MANUFACTURING DATA coming out today, we can expect some change in the EURUSD. ⛔️ Currently the MARKET may be the TREND LINE SUPPORT. If you BREAK that TREND LINE, EURUSD can sell faster.
by benny_marshall
USDJPY - FURTHER JPY WILL STRONG OR NOT ? WHAT'S GOING ON UJ? ⛔️ ISM MANUFACTURING PMI and US LABOR DATA are due to be released today for the US dollar. These are the most important ECONOMIC INDICATORS and these are the HIGH VOLATILIE INDICATORS. This data is very important for USDJPY today. Also, despite the high impact news for JPY being lost this week, the Japanese YEN is following the market sentiment. ⛔️ JPY FEATURE is currently on the rise. The main reason for this is that the MARKET SENTIMENT is becoming RISK OFF. JPY MARKET Now we see the nature of CORRECTION. JPY FEATURE stands at 0.0081 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future. But if the MARKETS RISK OFF continues, the USDJPY price may fall further. USDJPY stays on DYNAMIC LEVELS. ⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. ⛔️ USDJPY PRICE can be REJECT from 124.180 LEVEL. For VOLATILITY UP, and JPY FEATURE UP. The NFP DATA to be released today is very important and can have a huge impact on the USDJPY. ⛔️ Before the USDJPY PRICE goes to 118.388 LEVEL maybe a RETRACEMENT will come to 124.180 LEVEL. Then the USDJPY price can come down by breaking the TREND LINE. It is very important if the markets are to be RISK OFF.
by benny_marshall
EURUSD before NFP There is still a chance where we could see price reaching 1,1200 during NFP today. EURUSD isn't our main pair that we trade right now. In case of a strong USD, we will be looking for trades on EURUSD and GBPUSD but in case of a weak USD, we will be trading AUDUSD and NZDUSD. However, the expectations are that the USD will get weaker and we might see higher values. Like we said already, we won't be trading them on EURUSD. Here, we're mainly looking to sell from our resistance zone. We're monitoring this setup and in case of any changes will keep you up to date!
by ForexTrendline
8
USDCAD - OIL , U.S ECONOMIC DATA WITH TECHNICAL LEVELS- Some of the most important data for USD will be released this week. Among them, JOLTS job openings, CB consumer confidence, ADP - non farm employment change, FINAL GDP q / q, crude oil inventories, Core pce price index, ism manufacturing index, NFP are the most important DATA. - The OPEC MEETING is scheduled for this week. Also important indicator data for CAD, GDP, MANUFACTURING PMI, is due to be released this Friday. - DXY is currently at 97.85 LEVEL. USD has been WEAK for the last few days. Also, the CAD FEATURE has been down to 0.7986 LEVEL. However, CAD is becoming WEAK compared to DXY due to OIL WEAKNESS. USDCAD PRICE is TUCHING IN DYNAMIC S / R LEVELS. - Currently we see the OVERALL MARKET RISK OFF. Also STOKES are getting RED. VIX UP is becoming. Also COMMODITIES are starting to DOWN right now. - OIL PRICE is currently down a bit. It will inevitably affect CAD. If so, USDCAD could be moving to the BUY in the next few days. - USDCAD PRICE can go to 1.2466 LEVEL before UP. Then the USDCAD PRICE can be UP again up to 1.2656 LEVEL. The USD may be slightly STRONG in the coming days due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD.
by benny_marshall
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW- ECB PRESIDENT Lagarde has a SPEAK. There are some positive technical points for MARKET RISK OFF and JPY to be a bit STRONG right now. The reason is that JAPANESE YEN DOWN is very fast right now. So a PULLBACK may come at some point. - The EUR FEATURE currently stands at 1.1147 LEVEL. It rests on DYNAMIC S / R LEVELS. Also the JPY FEATURE is giving DOWN very fast. It stays at 0.0082 LEVEL. The EURJPY PRICE is above the DYNAMIC S / R LEVELS. The reason for that is the WEAKNESS that happened in JPY. So most of the time the PRICE can be UP again in the form of a STRUCTURE. - Currently the OVERALL MARKET is RISK OFF. Also STOKES are turning slightly red. VIX is getting a bit DOWN. Also COMMODITIES show a slightly UP SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. - EURJPY PRICE can PULLBACK and DOWN until it is slightly lower than DYNAMIC LEVELS. (131.30) - The EURJPY PRICE can be UP to 139.173 LEVEL before DOWN. Then you can DOWN to 131.477 LEVEL. The PRICE will move according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. The next few days can be a bit important.
by benny_marshall
1
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- From now on, according to the MARKET SENTIMENT, a DEMAND may come to NZD temporarily this week. Also ADP NON FARM EMPLOYMENT CHANGE, FINAL GDP special for USD. Meanwhile, a FOMC MEMBER is scheduled to speak today at the New York SESSION. * This situation should be very peaceful, as well as rising commodity prices VIX DOWN can show an upside bias for the NZDUSD. - NZD FEATURE is currently slightly UP. The main reason for this is that COMMODITIES are becoming UP. The NZD FEATURE stands at 0.6957 LEVEL. DXY is currently DOWN. According to the MARKET SENTIMENT and USD is slightly STRONG. Priced above NZDUSD DYNAMIC LEVELS. - Currently the OVERALL MARKET is RISK OFF. Also STOKES are turning slightly red. VIX is getting a bit DOWN. Also COMMODITIES show a slightly UP SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. - NZDUSD PRICE can return to 0.6923 LEVEL and then REJECT from that LEVEL. NZDUSD SHORT TERM can be further BUY due to COMMODITIES PRICES UP, VOLATILITY DOWN. - NZDUSD PRICE can go to 0.6923 LEVEL before UP. Then it can be UP to 0.7030 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So take the NZDUSD BUY ENTRY until the VOLATILITY RED.
by benny_marshall
XAUUSD - GOLD CURRENT SITUATION- There are several special INDICATORS affecting GOLD this week. Especially the NFP this week. Data on a number of special indicators such as ISM MANUFACTURING is due to be released this week. So you should pay more attention to US10Y and DXY. - US10Y currently stands at 2.52% LEVEL. The US10Y weakened slightly after POWEL's SPEAK last day. But again, it's going up with this existing MARKET CONDITION. Also up to DXY 99.12 LEVEL has been UP. The GOLD PRICE is slightly higher than the DYNAMIC S / R LEVELS at this time. Most likely the GOLD PRICE will be UP in the future. The SHORT TERM is for the SELL SIDE. But as the war recedes and the US Federal Reserve begins to raise rates, demand for the USD is likely to increase in the future. Therefore, GOLD may be DOWN LONG TERM in the near future. - Currently the OVERALL MARKET is RISK OFF. Also STOKES are turning slightly red. VIX is getting a bit UP. Also COMMODITIES show a slightly UP SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. - GOLD PRICE can RETRACE from DYNAMIC LEVELS. It's very important to us. Maybe after reaching the dynamic level the price can be hugely VOLATILE. - The chance of creating a DOUBLE BOTTOM opportunity again before the GOLD PRICE is UP is very high. So GOLD can go back to 1.900 LEVEL. Then you can UP to at least 1978 LEVEL. However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
OANDA:XAUUSD
by benny_marshall
USDCAD - OIL , U.S ECONOMIC DATA WITH TECHNICAL LEVELS- Some of the most important data for USD will be released this week. Among them, JOLTS job openings, CB consumer confidence, ADP - non farm employment change, FINAL GDP q / q, crude oil inventories, Core pce price index, ism manufacturing index, NFP are the most important DATA. - The OPEC MEETING is scheduled for this week. Also important indicator data for CAD are GDP, MANUFACTURING PMI. - DXY is currently at 99.12 LEVEL. Also the CAD FEATURE stays at 0.8002 RESISTANCE LEVEL. The USDCAD PRICE has gone below the DYNAMIC S / R LEVELS. Most likely USDCAD 1.2415 will be BUY. - Currently we see the OVERALL MARKET RISK OFF. Also STOKES are getting RED. VIX UP is becoming. Also COMMODITIES are starting to DOWN right now. - OIL PRICE is currently down a bit. It will inevitably affect CAD. In that case USDCAD can go to the BUY a little faster by BREAK the TREND LINE. - USDCAD PRICE can go to 1.2415 LEVEL before UP. Then you can break the trend line and UP to 1.2656 LEVEL. The USD could be a bit STRONG today due to the MARKET SENTIMENT.
by benny_marshall
1
NFP REPORTSHello traders! Today I want to share with you interesting information that can bring you profit. Let's talk about NFP What is Nonfarm Payrolls? Nonfarm Payrolls (NFP) is the number of new jobs in the non-farm sectors of the economy over the past month. The released figures show the dynamics of changes (increase, decrease) relative to the previous period. These statistics cover about 500 sectors of the economy: construction, trade, business services, transport, logistics, financial sector, medicine, tourism, and so on. The calculations do not take into account workers in the agricultural sector, non-profit organizations and self-employed citizens. A change in the NFP value of 100-200 thousand jobs will lead to strong volatility in the quotes of world currencies in pairs with the US dollar, gold and stock markets. Long-term reaction to the growth of non-farms is the weakening of the US dollar against a basket of major Forex currencies; The short-term reaction is unpredictable due to a sharp jump in the rate, leading to the triggering of many pending orders and an unpredictable exit and infusion of huge amounts of money into the markets in a short period of time. Position search An example of looking for a trade setup would be to use 30 pips. It is not unusual for the EUR/USD pair to advance 30 pips within the first few minutes of the release of the report. The larger the initial movement, the better for determining the direction of the pair's movement. After the initial big move, there is usually a price pullback that signals an entry point. Using one-minute price bars, traders draw a trendline from the high of the initial move to the high of the one-minute price retracement (if the initial move was up). They buy when the price breaks above the trend line. If the initial movement was downward, then a trend line is drawn from the low of the initial movement to the low of the price retracement using the same criteria. Traders enter into a short trade when the price breaks below the trend line. Some traders like to wait 5 price bars before plotting a trendline, while others may have experience telling them less or more is better. It also helps to place a stop loss in case the price bar chosen was not the actual price pullback low. If a trader is using the 5 price bar method, then a stop loss should be placed one pip below the low of that move if a long trade is taken. If a short trade was entered, then the stop loss should be placed one pip (plus the size of the spread) above the high formed on the movement of 5 price bars. Profit target To determine an exit position, or profit target, traders use the difference between the opening price and the initial move. The difference is divided in half. The target price is this number. For example, if the initial move was 115 pips, then the profit target would be 57.5 pips. Risk Only enter a trade if your profit potential is at least 1.5 times your trading risk. Ideally it should be 2x or more. In the examples above, the profit potential is about 3 times the trading risk. Don't forget about risk control. Do not risk more than 1% of your capital. Practice Before Using the Method It is impossible to describe how to trade all possible variations of the strategy that may arise. That is why it is recommended to use the strategy on a demo version before real trading. Understand the principles and the reasons why they exist, so that if conditions are slightly different on a given day, you can adapt and not be bombarded with questions. If a profit target seems too bold, use a 3:1 reward/risk ratio target. The goal is to place the target in a logical and reasonable place based on the trend and volatility. The profit target method helps with this, but it is only a guide and may need to be adjusted slightly depending on the conditions of the day. EUR/USD will not behave exactly the same after every NFP report, so it will take some practice to see how these trade setups play out and be fast enough to jump in and trade them. Practice the strategy on a demo account until you show total profit after trading at least five NFP reports. Only then can you consider trading this strategy with real money. conclusions News trading is not easy. During such a period, the price moves quickly. It is worth gaining enough experience to confidently trade on the news, so it is recommended to practice on a demo account. Control the risks, follow the strategy and the profit will come to you. Good luck!
Education
by DeGRAM
3