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Trading strategy for EURUSD in Nonfarm payrolls week

Discussion in 'Forex Discussions' started by World-Signals.com, Mar 27, 2016.

  1. World-Signals.com

    World-Signals.com New Member

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    It is expecting an important business week that will give new signals to the Fed and investors for the Fed interest rates politic. The most important event is in Friday at 13:30 GMT when is the report for U.S. Unemployment.
    For the moment it is expecting between two and four interest rates hikes this year. The event in Friday will send new signals that will move EURUSD strong.
    The first important event that World-Signals.com recommends to focus this week is in Tuesday at 15:00 GMT U.S. Consumer Confidence. On Wednesday there are important events from Germany CPI at 12:00 GMT; Thursday Germany Unemployment Rate at 7:55 GMT is expecting at 6.2% the same as prior month, Euro Zone CPI at 9:00 GMT and ECB Monetary Policy Meeting at 11:30 GMT.
    The major focuses that will move the market whole week are U.S. Nonfarm Payrolls, Nonfarm Private Payrolls and Unemployment Rate at 13:30 GMT. The low Unemployment rate and the large number of new opening work places will push the investors to buy dollars.
    In the technical analysis the first support is formed at 1.1145 followed at 1.1085. The key resistance is at 1.1342. The technical analysis shows bullish while the fundamental analysis is bearish.
    World-Signals.com recommends this week to sell euro for dollars. You can sell at the levels of 1.1230 with target below 1.1085.
    EURUSD27March2016.png
     
    prav likes this.
  2. Sharon Higgins

    Sharon Higgins New Member

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    When we talk about Forex, we must make sure we don’t trade on what we feel or believe, it’s vital that we trade on the facts. Now with news like NFP, it makes it riskier to do this sort of prediction or imagination, we need to work in a way that’s straight forward which is to follow news and that’s possible only after we see the data, so before this we should have clear mind without having any trades. I work with OctaFX broker and with their cTrader platform, I can enter into trade very quickly even on the most violate news, it helps me get the correct entry and been able to get out of traders nicely without much of trouble or difficulty.
     
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