Darkangels pips hunter

Also expecting further down move on USDCHF. Currently overbought on timeframes until Daily (with possible bearish divergence forming).

Any drop should see a close below 0.916 area of support but should not fall as low as 0.89 region. The previous move formed a higher low, so we should see some retracement for a higher high, which would be a break above 0.95 area.

Oil i bearish divergence 1hr

Gold bullish divergence on 4H as well as Daily right now

GOLD. As long price under 1775 then we are looking to sell gold short term, daily GOLD create 123bullish as long price above 1749.

Oil in a 123 bearish and bearish divergence.

GOLD 4hr

Oil should find resistance on 74,70/90 area.

Oil still on resistance daily, the news from Russia and Saudia Arabia did push price higher but not for long

GU in a bullish 123 targetings 1,3830 or higher, SL 1,3750

Price now 1,3777

I am sorry guys, but I am traveling right now.

EurCad in a bullish 123 4hr , T 1,4787

I'm in DA, and plan to hold far

Based on technicals, I'd be expecting USD to fall and AUDUSD, EURUSD, GBPUSD, NZDUSD and XAUUSD to rise. But it's big news later today so anything can happen.

Arguments in Favor of Stronger Non-Farm Payrolls:

ADP reports - 692K vs. 886K
Consumer Confidence Index - 127.3 vs 119.0
Challenger Job Cuts -20.476K vs. 24.586K
Four Week Average Jobless Claims - 393K vs. 428K

Arguments in Favor of Weaker Non-Farm Payrolls:

ISM Manufacturing Employment Index - 49.9 vs. 50.9
University of Michigan Index - 85.5 vs 86.4
Continuing Claims - 3,469K vs 3,382K

weighing the data, the leading indicators point to a below expectations reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 500-600k range.

If that the case then we do have a full-out “trend” of slowing labor, as three lower numbers create a trend.

If you have to trade NFP then wait after the dum money are done, 30min after the news then decide what to do next.

Possible scenario GOLD

Good number but lower % which means an only partial job

BAD FOR Dollar

It is important that we all understand that trading is a probability game. It is very random and traders must understand that even if they do everything correctly but there is still a risk of ending up wrong.
Let me explain in a simple way, let's imagine we had 10 balls in a bag where 7 of them were black and 3 red. when we take out a ball and ask what color do you think it is then the most logical answer is black considering that there is a 70% chance of getting a black ball. Still, it can be wrong as there is still a 30% risk that we will get a red ball. now we have got a red ball and have 9 balls left, 7 black and 3 red. We ask the same thing as of course expectations are to get a black ball and although everything is calculated correctly, you can still get it wrong.
Retail traders are known for not understanding this and forget that all lines just line on the sand, it is just a tool to be able to be as much as possible on the right side, nothing else.
Some traders brag about their well-complicated methods others shout that this is wrong, 123 or divergence, H&S, support and resistance lines, channels and even dancing queen, they are just tools to approach you right and all this turns into just rubbish as soon as someone from Fed or BOG, comes with new news.
So if everything is so clear why do all retail traders still believe in these methods? the answer is simple, they have no choice but to believe.

Its like Matrix, you need to stay in focus to be able to distinguish between truth and illusion.
If you do not manage this then you are in the wrong place.

Gold next week: to sell but buy


After the NFP market needs to sleep over the new numbers and account for what is truth and illusion.
Gold 4hr is for sale with SL close above at 1796 / 4hr, less support is available 1784, breaking this then gold targeting 1749/50 zone.
Daily Gold gave us a clear signal that the price is reaching support and if the price confirms this (by revisit this area and find support again) then we may see 1945 again.

EurUsd is going north.

Well, EU gave us on last Friday a clear signal and we should look only for buy as long price not close below 1800.

I did mention that EU was in a bearish divergence and the price reached the last target.

Oil

I am still in vacation and will not be able to follow everything, but that's what I can see for now.

Hope that helps and good luck.