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Forex News Review
In today’s Forex forecast and signal review, we start by reviewing our Forex economic calendar HERE, today’s big reports that we are looking at is The Unemployment Rate and The nonfarm payrolls. Based on yesterday’s report and how DXY is lined up, it should meet expectations and possibly exceed it; however, in January we believe that both of these reports will miss the target.
Forex Chart Review and Forecast
We are publishing a Forex forecast report today, despite the fact that we usually don’t post on Friday’s but we have so many requests for it so we agreed to do a forecast for today.
Let’s review our Forex charts HERE, DXY climbed up to the level that we forecasted yesterday, compare our trading chart from yesterday, December 7th and today’s enclosed trading chart (scary how accurate we are 🙂 ). Today we are looking at the nonfarm payroll report, we believe that it will propel DXY even higher and closer to 95.50 liquidity pool, however, we believe there is a chance for a “spike, stop hunt” that will reach down to 93.82 and possibly even 93.55. This is because there is liquidity sitting at 93.70 and at 93.50 and it would help push DXY even higher. Trade carefully today and with tight SL’s, just reenter if you get taken out.
EUR/USD came down to an old pivot point and stopped on it perfectly. We have been in since 1.1806 and sitting in a good position right now. We have tightened the SL (stop loss) because of nonfarm payroll report, we believe there is going to be a stop hunt on EUR/USD that could go all the way up to 1.1800. There is liquidity sitting at 1.1780 and 1.1820, we don’t think 1.1820 is within today’s range and we believe after the stop hunt that EUR/USD will continue being bearish until it hits 1.1550 area.
Review our charts and follow them accordingly.
Play it careful and enjoy.
- DXY (dollar index) Analysis – October 25th, 2018 - October 25, 2018
- DXY (dollar index) Review – October 23rd, 2018 - October 23, 2018
- DXY (dollar index) Review October 22nd, 2018 - October 22, 2018
- DXY (dollar index) in Review – October 19th, 2018 - October 19, 2018
- DXY (dollar index) in Review – October 18th, 2018 - October 18, 2018
- Forex Forecast / Forex Signals / Forex Trade Setup August 7th - August 7, 2018
- Forex Forecast / Forex Signals / Forex Trade Setup August 1st - August 1, 2018
- Forex Forecast / Forex Signals / Forex Trade Setup July 31st - July 31, 2018
- Forex Forecast / Forex Signals / Forex Trade Setup July 13th - July 13, 2018
- Forex Forecast / Forex Signals / Forex Trade Setup July 12th - July 12, 2018