Sep 07
EUR/USDUSD Non farm payrolls has given a kick to the poor dollar as lower than expected data came up this morning leading the majors to move against it - therefore showing our friend the EUR to create a new bull environmnent that currently breezes through the 1.3720/1.3680 strong resistance area. A -4000 NFP result along with a 4.6% unemployment rate sends the euro up to the 1.378x levels, keeping the bullish environment in place after the break of the counter trend line shown in our live video analysis of last week, meaning that 1.3830 and 1.3850 are the next targets that the currency may be after. Traders that have been able to get into long positions can consider to lock in profit pips from their buying and to stay in the market as no signals have been formed to infer or interpret that we will see a hold off the current price. Traders that have been standing aside shall wait aside for the next signal in the direction of the trend to get in and resume their analysis starting Sunday night.
GBP/USD
USD Non farm payrolls has given a kick to the poor dollar as lower than expected data came up this morning leading the majors to move against it - therefore showing our friend the GBP to create a new bull environmnent that currently breezes through the 2.0200/2.0190 strong resistance area. A -4000 NFP result along with a 4.6% unemployment rate sends the pound up to the 2.0295 levels, keeping the bullish environment in place after the break of the counter trend line shown in our live video analysis of last week, meaning that 2.0367 and 2.0455 are the next targets that the currency may be after. Traders that have been able to get into long positions can consider to lock in profit pips from their buying and to stay in the market as no signals have been formed to infer or interpret that we will see a hold off the current price. Traders that have been standing aside shall wait aside for the next signal in the direction of the trend to get in and resume their analysis starting Sunday night.
USD/CHF
USD Non farm payrolls has given a kick to the poor dollar as lower than expected data came up this morning leading the majors to move against it - therefore showing our friend the CHF to create a new bear environmnent that currently breezes through the 1.2000/1.1980 strong support area. A -4000 NFP result along with a 4.6% unemployment rate sends the swiss down to the 1.1930 levels, creating a serious threat to the potential daily bull crown, meaning that 1.1814 is the next target that the currency may be after. Traders that have been able to get into short positions can consider to lock in profit pips from their sellings and to stay in the market as no signals have been formed to infer or interpret that we will see a hold off the current price. Traders that have been standing aside shall wait aside for the next signal in the direction of the trend to get in and resume their analysis starting Sunday night.
USD/JPY
USD Non farm payrolls has given a kick to the poor dollar as lower than expected data came up this morning leading the majors to move against it - therefore showing our friend the JPY to create a new bear environmnent that currently breezes through the 114.80 support area. A -4000 NFP result along with a 4.6% unemployment rate sends the yen down to the 114.00/10 levels, responding to the beautiful technical setup we exposed in our live videos, meaning that 113.56 and 112.10 are the next targets that the currency may be after. Traders that have been able to get into short positions can consider to lock in profit pips from their sellings and to stay in the market as no signals have been formed to infer or interpret that we will see a hold off the current price. Traders that have been standing aside shall wait aside for the next signal in the direction of the trend to get in and resume their analysis starting Sunday night.
