Hey DenForex, whats ur strategies and scenarios for today? 
An effective strategy and account with stable profit!
- #286
- May 5, 2016 12:48pm May 5, 2016 12:48pm
- Joined Nov 2013 | Status: Trader | 1,094 Posts
What do you think about EU, is EURUSD will still go on NFP down more 
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What do you think about EU, is EURUSD will still go on NFP down more
- #289
- May 5, 2016 3:26pm May 5, 2016 3:26pm
- Joined Nov 2013 | Status: Trader | 1,094 Posts
My oppinion, correction up and again DOWN.
from my analyses shows that NFP will be neutral because:
We had
Positive:
+ applications for unemployment benefits (lower)
+ ISM Indicator 59.0 better from last one
+ dismissal from jobs Challenger 5,8%
Negative:
- avowed ascendant unemployed
- 274K (before 257K)
- Challenger report from 48,2K to now: 65,1K
- ISM indicator for industry 50,8 (lower than before)
Almost always Dollar is strong in MAY:
For me first dollar loose, but later will go in favor strong.
from my analyses shows that NFP will be neutral because:
We had
Positive:
+ applications for unemployment benefits (lower)
+ ISM Indicator 59.0 better from last one
+ dismissal from jobs Challenger 5,8%
Negative:
- avowed ascendant unemployed
- 274K (before 257K)
- Challenger report from 48,2K to now: 65,1K
- ISM indicator for industry 50,8 (lower than before)
Almost always Dollar is strong in MAY:
For me first dollar loose, but later will go in favor strong.
My oppinion, correction up and again DOWN. {image} from my analyses shows that NFP will be neutral because: We had Positive: + applications for unemployment benefits (lower) + ISM Indicator 59.0 better from last one + dismissal from jobs Challenger 5,8% Negative: - avowed ascendant unemployed - 274K (before 257K) - Challenger report from 48,2K to now: 65,1K - ISM indicator for industry 50,8 (lower than before) Almost always Dollar is strong in MAY: {image} For me first dollar loose, but later will go in favor strong.
I can see the formation of wave 5 and a temporary increase to 50 Fib, after which will fall. The level from which bounced the current price (1.1405) - a strong support level.
In this case, if the market will not be able to interrupt this support, the possible option of forming a double top as an option for future figures. When it will be tested the level of 1.16800. After forming the second top, certainly the price should go down.
- #293
- May 8, 2016 4:15pm May 8, 2016 4:15pm
- | Joined Dec 2006 | Status: Trader | 1,104 Posts
trading on demo is not trading
Forecast EUR / USD. If the formation of a wave 5 has been completed, it is likely followed by a further pullback upward correction after a descending impulse. This leads to a rebound from Fibo level 50, and return to it after a small growth. If wave 5 is not yet complete, it will result in a further decline to the level of 23.6.
Forecast USD / JPY. Movement within the descending trend. It is possible to decrease the price and the lower limit test. At the same time we can see that most likely to be followed by further formation of a wave 4 up. Currently on the H4, I see the formation of wave-correction after descending pulse, confirming the likelihood of formation of a wave 4 to 109,617.
Do not forget that now the price is at a level of 38.2, it is therefore possible movement in the form of consolidation.
Do not forget that now the price is at a level of 38.2, it is therefore possible movement in the form of consolidation.
E / J. We see the formation of two identical pieces in a row. At the same time, the script can be changed, as the correctional movement can not be completed (in the middle of the trend line). Therefore, after this correction, correction channel will broken as testing the lower border of the trend or growth within the D1 descending trend correction
