Tag Archives: NFP

Friday Charts

Good morning. I made a few changes to the site and it should load faster now.
Here are some charts worth a look today. Don’t forget it’s the NFP day (consensus: 184K)

EURUSD

Uptrend is losing steam after a good run started at $1.28. Intraday studies are currently bearish and it’s time to keep an eye on first support, at 1.3170.

Market sentiment: intraday – bearish, short-term – bullish
Potential trade strategy: to buy dips at 1.3150, stop below 1.3100, target at 1.3300

EURUSD 4hrs 8-2-2013

EURUSD 4hrs 8-2-2013

Continue reading

NFP Day is Here: Friday Charts to Watch

Good morning. The euro had a good run yesterday after Draghi’s comments, who said that eurozone’s economy will stabilize this year. EUR holds onto gains ahead of today’s NFP data.

EURUSD

Yesterday I was rather expecting this former resistance range between 1.3050-1.3100 to hold, but after such strong declines – “more-than-modest” or even strong corrections are common. Although the resistance was breached, I have doubts that this is the beginning of a prolonged recovery. So my yesterday’s plan to sell in the 1.3070-1.3100 zone is still in play.

Market sentiment: intraday – bullish, short-term – bearish
Potential trade strategy: to hold short, stop above 1.3150, target below 1.2950

EURUSD 4hrs 3-8-2013

EURUSD 4hrs 3-8-2013

 

EURJPY

Yesterday’s recovery above the highlighted resistance zone suggests that more upside action is likely, hence I’m changing plan after yesterday’s failed sell and I am now considering a buying opportunity on potential pullback to 124.00 area

Market sentiment: intraday – bullish, short-term – slightly bullish
Potential trade strategy: to buy dips around 124, stop below 123.20, target at 126+ Continue reading

NFP Day is Here: Charts to End the Week

Good morning. The NFP day is here (consensus is 125k and 7.9% unemployment), so let’s take a look at some of today’s interesting charts

EURUSD

Support at 1.2880/00 is under pressure as EUR failed to recover above $1.300. More losses are likely

Market sentiment: intraday – bearish, short-term – neutral
Potential trade strategy: to sell on breach below 1.2880, target at 1.2800

EURUSD 4hrs 11-2-2012

EURUSD 4hrs 11-2-2012

EURJPY

Resistance around 104.00 is in focus today as the Japanese yen continues to weaken across the board. A breakout trade is rather tempting

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy on break above 103.90/00, target at 105 Continue reading

Charts to Start the Week

Good morning. Euro rallied but faced resistance after Friday’s NFP data release, which came at 114k vs. consensus of 113k. The unemployment rate dropped to 7.8%, fueling the conspiracy theories that the number was fake in order to aid President Obama’s re-election.

EURUSD

Market sentiment: intraday – bearish, short-term – slightly bullish

Potential trade strategy: to buy dips at 1.2950, target at 1.3050

EURUSD 4hrs 10-8-2012

EURUSD 4hrs 10-8-2012

EURJPY

The Japanese yen is strengthening across the board and there’s a good chance that support at 101 will be in focus soon

Market sentiment: intraday – bearish, short-term – bullish

Potential trade strategy: to buy dips at 101.10, target at 102 Continue reading

Charts to End the Week: NFP Day is Here

Good morning. Euro climbed higher against the US dollar after ECB’s Draghi comments on preserving euro. The market is currently quiet – awaiting NFP later today.

EURUSD

My previous plan to sell into rally to 1.29 wasn’t the best idea, so I’m rather looking for buying opportunities now that resistance at 1.2900 was breached

Market sentiment: intraday – neutral, short-term – slightly bullish

Potential trade strategy: to buy dips at 1.2950, target at 1.3050

EURUSD 4hrs 10-5-2012

EURUSD 4hrs 10-5-2012

GBPAUD

GBP holds gains and it seems there’s only one way it can go: upwards

Market sentiment: intraday – bullish, short-term – bullish

Potential trade strategy: to hold long while above 1.5600, short-term target at 1.6 Continue reading

Charts to Start the Week

Good morning. Euro rallied on Friday after the NFP data release, reaching $1.28 against the US dollar. Other risk currencies such as AUD followed the EUR higher. What’s also interesting these days is that EURCHF started moving, rallying 150 points before pulling back to 1.2070-1.21 where it is trading now.

EURUSD

Market sentiment: intraday – bullish, short-term – bullish

Potential trade strategy: to buy dips at 1.2700, stop below 1.2630, target at 1.29

EURUSD daily 9-10-2012

EURUSD daily 9-10-2012

4hrs chart:

EURUSD 4hrs 9-10-2012

EURUSD 4hrs 9-10-2012

EURGBP

Resistance at .7950/60 was breached and is now poviding short-term support, hence a buying level to consider

Market sentiment: intraday – bullish, short-term – bullish

Potential trade strategy:to buy dips at .7950, target at .8200 Continue reading

Charts to End the Week

Good morning. The euro and risk currencies such as AUD rallied yesterday after the ECB meeting. Euro is currently holding gains above $1.2600, being ready for another leg up to $1.27 – $1.28. Most important economic event today is the US NFP data release

EURUSD

Market sentiment: intraday – bullish, short-term – bullish

Potential trade strategy: to hold long, target at 1.28

EURUSD daily 9-7-2012

EURUSD daily 9-7-2012

4-hrs chart:

EURUSD 4hrs 9-7-2012

EURUSD 4hrs 9-7-2012

EURJPY

Euro exited the consolidation range, providing a nice breakout trade opportunity. Next target is at 101-101.50

Market sentiment: intraday – bullish, short-term – bullish

Potential trade strategy: to hold long, target at 101 Continue reading

Tuesday Charts 8/7/12

Good morning. Friday’s positive NFP figure has sent risk-sensitive currencies higher against the US dollar. The euro managed to overcome former resistance barrier in the lower $1.23 zone and is now hovering near $1.24.

EURUSD

Market sentiment: intraday – bullish, short-term – slightly bullish

Potential trade strategy: to buy dips at 1.2320, target above 1.24

EURUSD daily 8-7-2012

EURUSD daily 8-7-2012

This support range between 1.2290 and 1.2325 is even easier to notice on the hourly chart below Continue reading

NFP Day is Here 8/3/12

Good morning. Euro declined yesterday after ECB’s Draghi disappoints markets, delaying actions. The week ends with another important event: the Non Farm Payrolls – consensus is 100k and 8.2% Unemployment; my guess is 60-70k

EURUSD

Resistance is now formed around 1.2250 (former support), where EUR is likely to face new selling pressure if current pullback continues.

Market sentiment: intraday – bearish, short-term – bearish

Potential trade strategy: to sell into strength to 1.2250, target at 1.2100

EURUSD hourly 8-3-2012

EURUSD hourly 8-3-2012

One big downtrend continuation candle has been formed yesterday, thank to the ECB.

EURUSD daily 8-3-2012

EURUSD daily 8-3-2012

AUDUSD

Support around 1.0440 remains intact after yesterday’s test, but it’s worth to keep an eye on that level. A weak NFP figure should easily send it lower

Market sentiment: intraday – bearish, short-term – bullish

Potential trade strategy: to sell on weakness below 1.0440, target at 1.0300

AUDUSD 4hrs 8-3-2012

AUDUSD 4hrs 8-3-2012

GBPUSD

Cable still holds only a few pips away from the support zone formed by the rising trendline which is connecting recent higher lows. There’s much pressure around these levels and that’s for sure

Market sentiment: intraday – bearish, short-term – bearish

Potential trade strategy: to sell on breakdown below 1.5500, target at 1.5400

GBPUSD daily 8-3-2012

GBPUSD daily 8-3-2012

USDJPY

The dollar is having a hard time trying to recover against the yen, as all recovery attempts are sold quickly. Selling into rallies is still the best thing to do

Market sentiment: intraday – bearish, short-term – bearish

Potential trade strategy: to sell on rally to 78.50, stop above 79, target at 77.60

 

USDJPY 15min 8-3-2012

USDJPY 15min 8-3-2012

S&P500

S&P collapsed yesterday as a result of ECB statement, but is now pulling back aiming toward former support at 1370. It all depends on what the NFP figure will be later today

SPX hourly 8-3-2012

SPX hourly 8-3-2012

Have a great day!

Nonfarm Payrolls Day is Here 7/6/12

Good morning. The NFP day is here and the euro is under pressure – erasing all post-EU Summit gains. Some breakout trading setups highlighted yesterday look good today, so here’s an update of things that happened since yesterday plus those likely to happen before and after today’s Nonfarm Payrolls

USDCHF

The breakout of interim resistance at .9650 is now valid so next target is .9750. I remain bullish on USDCHF, even if it pulls back to .9650 to test support

Market sentiment: intraday – bullish, short-term – bullish

USDCHF daily 7-6-2012

USDCHF daily 7-6-2012

support is easier to spot on the 4hrs chart: Continue reading