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USDJPY: Thoughts and AnalysisToday's focus: USDJPY Pattern – Consolidation Watch Support – 146.20 Resistance – 148.50, 151.70 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY. After US employment data shocked on Friday and lifted the USD, we are wondering if we will see trend continuations on the USDJPY. So far, the price continues to travel on its uptrend after breaking the last downtrend in December. The key for buyers now is a break of 148.50 resistance. If we see that break, we will be waiting to see if buyers can retest 151.70 resistance. A close below 146.20 would be a worry for buyer momentum. Good trading.
Long
by Eightcap
Non-Pay Form | Gold Expected to be drop Non-Pay Form | Gold Expected to be drop Hey Traders .. Welcome back ! Todays after 2 hours Big news going to happen We Structured data from past history gold expected to move 50 pips above then probably hit the targets and touched our trend line which were seen in charts we are waiting for break out of support 2051-2050.00 then next point at 2042-2041-2040.00 if you guys knew how to trades you will catch up our idea tight target sets dropping 100+ pips cheers for the next update..
OANDA:XAUUSDShort
by professionaltradersfx
Binance Launches $NFP Perpetual Contract Amid $NFP Price RallyBinance Futures launched the USD-M NFP Perpetual Contract on December 27, 2023, providing traders with the opportunity to engage in perpetual trading with up to 50x leverage. The underlying asset, NFPrompt (NFP), would be settled in USDT via this perpetual contract. The update comes after NFP’s listing on Binance after it made its market debut on Wednesday. NFP Price Today The recent developments marked a turning point for the NFPrompt team and propelled the NFP crypto price to gain. The NFP price added 1.39% to its value and traded at $1.188369 at press time. The crypto registered a high of $1.23 during the trading session. Moreover, the NEWCONNECT:NFP market capitalization increased by 0.58% to $294.38 million. Whilst, the day’s trade volume was recorded at $277.39 million, which is an impressive figure for a new entrant in the crypto space. The current circulating supply of NFP stands at 250 million tokens, which is 25% of the total supply of 1 billion tokens.
BINANCE:NFPUSDLong
by DEXWireNews
EURUSD The trend will be determined after the news (NFP).Hello traders. The trend will be determined after the news (NFP). There are many fluctuations, I think anything can happen. before the news is released and even half an hour after that. If the data is as expected, the dollar will gain strength and the euro can touch 1.066. If the data is weak, everyone is betting on an interest rate cut in the first quarter of next year and even sooner, and the euro could touch 1.1 in next weak. What do you think? Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** Check out my latest analysis on the dollar index.
by Mehdi_Ha
1
GOLD CONFIRM TARGET FOR TODAY NFP NEWSThe Bureau of Labor Statistics (BLS) is due to release the highly-anticipated Nonfarm Payrolls (NFP) report from the United States (US) on Friday, which could have major ramifications for US Federal Reserve (Fed) policy outlook. The US Dollar (USD) is poised for a big reaction to the labor market data, as NFP data tends to infuse intense volatility across the FX board. The Fed on Wednesday kept the policy rate steady in its current 5.25%-5.50% range, as widely expected. The US Dollar, however, succumbed to the sell-off in the US Treasury bond yields after Fed Chair Jerome Powell remained non-committal on the need for further tightening. Although Powell did not rule out another hike, markets perceived his words as not-so hawkish as they expected. Powell acknowledged tighter financial conditions while adding that taming inflation will most likely require a slowdown in growth and dampening in the labor market. Gold Buy : 1989 TP. : 1997 TP. : 2005 TP. : 2010 SL. : 1976
OANDA:XAUUSDShort
by FxAlena
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
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
NFP report: How Will it Shape the Gold Trend? NFP report: How Will it Shape the Gold Trend? Gold prices experienced a rise on Tuesday and Thursday (sideways on Wednesday), driven by traders' expectations of another interest rate hike by the US Federal Reserve. But is the medium-term downtrend really over? One fundamental indicator that can help answer this question is the nonfarm payrolls, due to be released this Friday (US time). Any unexpected outcomes could lead to heightened volatility in rate-sensitive assets such as gold. Market projections indicate that the upcoming nonfarm payrolls report for May will show a slowdown in job additions to the economy, with 190,000 jobs compared to the 253,000 jobs added in April. Interestingly, the forecast for the previous month was also around 190,000 jobs. The nonfarm payroll data serves as the final key indicator ahead of the release of inflation data on June 14 and the concurrent interest rate decision from the Federal Reserve. Market sentiment currently suggests a 60% probability of a 25 basis-point interest rate hike during the Federal Reserve's upcoming June meeting, compared to a 26% chance observed a week earlier. If implemented, this would mark the central bank's 11th consecutive rate increase. Gold was trading around $1,932, reaching its lowest level since March 17 before its incline began on Tuesday. While Thursday was a positive day for the metal, it still retraced about half of its gains on the day and now trades at approximately $1,960. It peaked at $1,974, which is the most immediate resistance level but without much historical precedence. Considering the NFP is still two days away, this level might become irrelevant. $1,985 is a level with more medium-term precedence but will have to wait until closer to the release of the data to tell if this level is something that needs to be watched. If gold turns to the downside, it might pay to keep an eye on $1,938 as a support level.
BLACKBULL:XAUUSD
by BlackBull_Markets