Tag - usd

As you may probably know, the level of non-farm employment change or non-farm payrolls (NFP) will be released today at 15:30 MT time.

On the daily chart, USD/CAD formed a “Broadening wedge”. A break of the upper border of the downtrend channel will increase the odds of a “Shark” pattern with targets at 88.6% and 113%.

On the daily chart, EUR/USD bulls are trying to keep the pair above 1.1445 (50% of the long-term bullish wave).

Daily trading plan

On the daily chart, USD/JPY keeps forming 161.8% target of AB=CD. As long as the pair is above 113.35 (61.8% of the descending wave), bulls are in control.

Trading is very intense these days as there are a lot of news…

Daily trading plan for GBP/USD, EUR/USD, USD/CAD

At first, let’s take a look at economic calendar at fbs…

On the daily chart, AUD/USD failed to rise above the upper border of the downtrend channel. Never the less, bulls are willing to repeat their attempt.

NZD/USD didn’t manage to return the pair to the 0.6710-0.6850 range from the first attempt and trigger “Shakeout-Fakeout” pattern.

We are staring a new month and the final quarter of 2018…

On the daily chart, EUR/USD was forming a “Shakeout-Fakeout” pattern dueing the 2 consecutive months.