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Hey Traders,
Last week Non Farm Payroll (NFP) came in lower than expected and unemployment rate fell as well. However we did break new high for stock indices, and S&P looking to aim for the 4000 mark.
Dollar Index (DXY)
The dollar fell upon the NFP and unemployment news but still looking set for a bullish break out.
Spot Gold (XAU/USD) - Analysis 6-1
Gold broke out of the lower time frame but is still trading within the higher time frame consolidation period. A reversal confirmation within the range of 1823 to 1830 region could potentially push price towards 1765.
Trade Recap
EUR/JPY (Analysis 5-3)
Long position reached Take Profit -3 level where we announced to close fully.
NZD/CAD (Exclusive Trade)
Recap (Week 5) Take Profit - 3 level
Recap (This Week) Take Profit - 4 level
Long position reached Take Profit -4 level where we announced to close / partial.
GBP/JPY (Exclusive Trade)
Long position reached Take Profit -2 level where we announced to close fully.
USD/CHF (Exclusive Trade)
Long Position (at market level) reached Take Profit reached Take Profit -2 level where we announced to close / partial.
Trade Analysis / Setups
EUR/USD (Analysis 6-2)
Price had strong momentum towards the upside. We can expect some retracement or possible trend continuation towards the downside.
Long opportunity: Break and retest confirmation at 1.208 region towards 1.21335.
Short opportunity: Reversal confirmation at 1.20565 region towards 1.1994.
GBP/AUD (Analysis 6-3)
Short opportunity: Break and retest confirmation of 1.7791 region towards 1.76315.
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Cheers to the member who managed to pack some profits this trading week.
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