Alpha Circle Nsukka | Charts, Psychology & Market Discussions - Page 103

Last week's Forex market favored the U.S. dollar after the Federal Reserve maintained a hawkish stance, while the Japanese yen remained highly volatile following coordinated intervention by Japanese authorities. Gold weakened slightly as traders shifted toward the stronger dollar.

This week, traders will focus on key U.S. economic data, especially Friday's Non-Farm Payrolls (NFP) report. A strong jobs report could strengthen the dollar further and weigh on EUR/USD, GBP/USD, and gold, while a weaker report may trigger a dollar pullback and support risk assets. Expect increased volatility, particularly in USD/JPY, as markets react to both economic data and intervention concerns.

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@promisefx - 2 months ago

Quoted - asuquokelvin

That's a double trading pattern selling from top and buying from bottom, but here is my simple plan on EURUSD, using the fib tool I want EU to sell down to the 23.6 level before resuming the buys for the next week

Price may clear that level when the sell start

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@promisefx - 2 months ago

Quoted - promisefx

I'm still holding this NZDCAD sell since last week

Sl hit ❌ on this trade

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@asuquokelvin - 2 months ago

Quoted - promisefx

Price may clear that level when the sell start

No don't say that check across all pairs dollar is weak, fundamentally and technically the only thing is that it will pressure for a short while so it can sell EU to demand then buy from there again then dxy will fall frame supply level then usdcad will fall too

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@promisefx - 2 months ago

Is you say dollar is weak, hope you mean for a short time?

Because the DXY is bullish bro, always check structure

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@promisefx - 2 months ago

Gm traders

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@investorgeo - 2 months ago

Quoted - marvelous_treasure

Last week's Forex market favored the U.S. dollar after the Federal Reserve maintained a hawkish stance, while the Japanese yen remained highly volatile following coordinated intervention by Japanese authorities. Gold weakened slightly as traders shifted toward the stronger dollar.

This week, traders will focus on key U.S. economic data, especially Friday's Non-Farm Payrolls (NFP) report. A strong jobs report could strengthen the dollar further and weigh on EUR/USD, GBP/USD, and gold, while a weaker report may trigger a dollar pullback and support risk assets. Expect increased volatility, particularly in USD/JPY, as markets react to both economic data and intervention concerns.

Hiiiii.
Welcome back

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