FxOrtrader trading journal FXGlory

US NFP DATA IS STILL BECOME MOVING CENTENT



The dollar looks still moving solidly after the release of good US Non-Farm Payroll (NFP) data. During March the increase in employment increased by 196 thousand above expectations of 172 thousand and far better than the previous month which only grew 33 thousand (revised). In addition, the US unemployment rate also held a record low of 3.8%. Although the average wage only grew 0.1%.

This has the potential to still support the dollar to this day along with positive news about US-China trade relations. Previously US President Donald Trump also mentioned that a trade agreement between the two would be formed as soon as four weeks.

Market Movers this week



Movement Potential

Gold
Resistance 1295 - 1296 seems to still be a strong resistance area. As long as prices consistently move below that level, the gold price seems still in a weaker trend testing the nearest support 1289 before eyeing 1285. Conversely, if the price is able to break consistently above 1296, the closest resistance area is 1300.

Crude oil
Oil prices have a chance to continue to strengthen to test 64.25 levels. Consistent moves above that level, the next target is seen at 64.80. Outlook for tightening oil inventories globally, starting from the extension of Iranian sanctions, crisis conditions in Venezuela, and geopolitical constraints in Libya, amid the OPEC production cut program will be the driving catalyst. Nearest support at 62.30.

EURUSD
EURUSD looks still in downward pressure amid no driving catalyst from the Eurozone today and a chance for a stronger dollar. As long as it is still moving below 1.1250 resistance, the downside potential is targeting 1.1700.

GBPUSD
The wait and see attitude towards Brexit certainty still seems to have the potential to pressure GBPUSD. But the support area at the 1.3000 psychological level will still be tested. If that level breaks, the potential for further weakening will target 1.2960. Nearest resistance at 1.30765.

USDJPY
The potential for increased demand for risk assets is likely to bring up the USDJPY to test the psychological level of 112.00. But if it hasn't been able to break this level, the potential for prices will be corrected due to profit taking after rising for seven consecutive days, with support at 111.00.

AUDUSD
Since the beginning of April, AUDUSD has seen ranging moves in a fairly wide range of levels. Resistance at 0.7125 will still be tested if the chance for a strengthening of the AUDUSD amid a positive US-China outlook can sustain gains. Nearest support at the level of 0.7070.

Entry 1 EURUSD: Enter SELL by waiting at the price of 1.1215, SL = 1.1255, TP = 1.1175
Advanced Entry: If hit by SL then the reversal with BUY at 1.1255, SL = 1.1215, TP = 1.1295

Every trading transaction, use a 2% risk management to keep your account safe and secure.

indeed the Eur / Usd condition seems to be in a bearish condition this week.
I agree with the sell strategy.

the current position is the price of Eur / Usd 1.123xx and is likely to decline because it has touched the EMA200 area.

GBPUSD has the potential to strengthen in the short term as the market digests a recent report from Goldman Sachs which reduces the possibility of Brexit's "no-deal" from 15% to 10% and the possibility of a change in the Brexit agreement from 45% to 50%.

However, if the market again considers statements from France and the Netherlands which show doubts about PM May's plan to delay Brexit further, it has the potential to become a negative sentiment for the movement of GBPUSD today.

For the upside, the resistance level is seen in the 1.3100 area, breaking above that level would have a chance to trigger further gains to test to the 1.3140 area before targeting strong resistance at 1.3190. Meanwhile if it weakens, the support level is seen in the area of 1.3040, break below that level would have a chance to trigger further decline to test to the 1.3000 area before aiming for a strong support at 1.2950.

Support levels: 1.3040 - 1.3000 - 1.2950
Resistance level: 1.3100 - 1.3140 - 1.3190

EURUSD
In early trading today, EURUSD got a positive sentiment from the statement of Eurogroup President Mario Centeno who said that European economic fundamentals were still good. The current economic slowdown is only temporary. But there needs to be a consistent move above 1.1280 for the opportunity for the EURUSD to continue to strengthen targeting the psychological level of 1.1300. Support at 1.1240.

GBPUSD
Today's dollar movement seems to be the driving sentiment for GBPUSD amid the release of important data from the UK. If the dollar strengthens from the release of consumer sentiment data, the potential for GBPUSD to weaken will test the closest support at 1.3030 before targeting 1.3010. Resistance at the level of 1.3110.

USDJPY
The chance for the USDJPY to go up needs to be consistently moving above 111.80 before targeting 112.00. If it fails to break 111.80, the profit taking action after rising sharply yesterday has the potential to make the USDJPY drop to the closest support at 111.40.

AUDUSD
The release of China's trade balance data has the potential to be the driving sentiment of AUDUSD after the better released Chinese inflation. If the data shows a significant surplus, AUDUSD has a chance to strengthen testing 0.7145 and as long as prices consistently move above 0.7120. Nearest support at 0.7100.

thanks for the technical sharing sir, what is your daily traget if you trade with all pair?

I, if trading on all pairs is looking for the right moment, if there is a good moment in GBPUSD or Eurjpy that's where I am the option.

for this week's trade evaluation on the EURUSD pair, it still has the potential to be bullish, try to break the price of 1.13220 if it is able to break the price, it will continue the trend again.

EURUSD

EURUSD has a chance to continue its advance from last Friday in the short term on the sentiment of a weakening US dollar and the issue of Japanese banks going to buy German aircraft finance companies to test into the resistance area at 1.1325 - 1.1375. If the price moves down, the support level is seen at 1.1275 - 1.1225.

GBPUSD

The weakening sentiment of the US dollar is likely to sustain the rise in GBPUSD in the short term to test resistance at 1.3110 - 1.3160. However, if the market returns to worry about Brexit uncertainty, GBPUSD has a chance to be corrected to aim for support at 1.3050 - 1.3000.

USDJPY

Increasing demand for risk assets has the opportunity to sustain a rise in the USDJPY in the short term to aim for resistance at 112.30 - 112.80. However, the USDJPY has a chance to turn down, if the market considers a weakening US dollar to test the support at 111.70 - 111.20.

AUDUSD

The positive Chinese economic data has the opportunity to be positive AUDUSD sentiment in the short term to test resistance at 0.7200 - 0.7240. But if the price turns down, the closest support level is at 0.7140 - 0.7100.

For pair GBPUSD I think it will be down today, Becouse GU in bearish trend..