Thursday, 5 July 2018

Mid-Week Technical Setups and NFP

The Non-Farm Employment Payroll are hitting tomorrow which will indeed complete the current forming market swings.



Dollar Strength Expectation

The United States Dollar has been very strong recently as we have seen a second interest rate increase happening in the last 6 month period, these fundamentals have given too much strength on the dollar Index. We expecting a weaker result for the dollar.

Canadian Dollar Expectation

The Cad event is what most traders are looking up to as it has most volatility and high return potential. we looking for a bullish CAD result.

AudUsd

We are Bullish on AudUsd as we on above the 0.73500  Support level. we will be looking for the market to push up to the 0.75100 zone after the release of the US employment data.

Current Signal : Buy AudUsd @ 0.73680     SL- 0.73350   TP- 0.75700



NzdUsd

The NzdUsd has experienced some heavy losses last month as we have seen price reaching June 2016 lows, we are currently on a long term Buy towards target 0.74300.

Current Short Term Signal: Buy NzdUsd @ 0.67750 SL- 0.67440  TP- 0.70250




CAD Employment News
We are highly expecting an improvement in the CAD as the May and June result has been negative, an improvement in the Canadian Dollar is highly expected by our Trading team.  The May 11 result came as -1.1k  and the June 8 result was -7.5k which will definately cause a strong move on the CAD if the value was positive.


CadJpy

Our Trade for the Canadian Employment will be The CadJpy Buy Position, We will recommend Traders to Use proper Risk Management on all Trades.

Buy CadJpy @ 84.170   SL- 83.750    TP- 85.710



We wish you the Best trading for the NFP, We hope that this article will help you trade successfully.

Sifiso Nkwanyana

Author & Editor

I hope you have recieved all the information you seek and thank you once more for browsing our website we hope to hear from you soon.

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