This week we having the Non-Farm Payrolls(NFP) which we will be getting the United States Employment data which will give us a much clear direction on the dollar this October. we have many speculations on the dollar based on the current position of the dollar index as it currents sits just above level 98 which is the highest level in 2019.
The dollar has gained strength after the market has opened as opened on Monday and has dropped 80 pips on Tuesday and and we expecting another continued drop on the dollar index before to setup good buy opportunities ahead of the bullish NFP event.
The Non Farm Payrolls Fundamental Overview
On the image below is the non-farm payrolls historical data with the Estimate average range at around 170k, on the image below we have the previous in bold as 130k which is too low than the average range based on the historical charts data with forecast also very low below the Forecast based on our Strategy which means the dollar will get a lot of strength during the event.
To Learn more about our Fundamental Strategy please visit : Ajax Fundamental Direction Strategy
Our View on the NFP is a bullish dollar which means dollar Base pairs USDXXX will be bullish and the dollar quote pairs XXXUSD will be bearish.
We believe that this will help you trade the event more profitably as this strategy yields over 90% success rate in all fundamental events we have traded. we will further add a technical overview to this post on Thursday
The dollar has gained strength after the market has opened as opened on Monday and has dropped 80 pips on Tuesday and and we expecting another continued drop on the dollar index before to setup good buy opportunities ahead of the bullish NFP event.
The Non Farm Payrolls Fundamental Overview
On the image below is the non-farm payrolls historical data with the Estimate average range at around 170k, on the image below we have the previous in bold as 130k which is too low than the average range based on the historical charts data with forecast also very low below the Forecast based on our Strategy which means the dollar will get a lot of strength during the event.
To Learn more about our Fundamental Strategy please visit : Ajax Fundamental Direction Strategy
Our View on the NFP is a bullish dollar which means dollar Base pairs USDXXX will be bullish and the dollar quote pairs XXXUSD will be bearish.
We believe that this will help you trade the event more profitably as this strategy yields over 90% success rate in all fundamental events we have traded. we will further add a technical overview to this post on Thursday
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