Breaking News

After The NFP First Friday News Action, How To Read On Chart The NFP Reaction All The Month?

News Date: 5/10/2014 20:09:53
 

The big market movers are in the NFP wave by pumping lot of orders in one way and NFP wave each first Friday damage historic levels. On EURUSD last Friday after NFP release better than expected, EURUSD fell down from 1.261 reaching 1.251 as an NFP wave of 100 pips fall in one direction.

By placing 2 lines one as NFP support 1.251 and the other on 1.261 as NFP resistance, we will monitor the steps followed by the big market movers. In other words when the market is under 1.251 which big orders still in the market and price might fall more and when the price is above 1.261 which mean all big orders been closed and the market is correcting.

Provided By Fxhighway  

Latest news

The number of global Coronavirus infections is increasing at an unexpected speed, and German Chancellor Angela Merkel said yesterday that the pace of new infections is advancing day after day, and at
11-2020 17 08:37:57

Japanese stock indices closed lower today, due to undermining investor sentiment for fear of a rise in Corona cases, and the Nikkei index fell by 0.53% to 25385.87 points, and over the course of a we
11-2020 13 05:10:43

The US dollar manage this morning, to achieve progress during the trading session, as the « safe currency » rose by 0.04% to indicate 93.073, and the dollar fell against the Japanese yen
11-2020 12 08:11:42

Trump is still trying to raise the curtain on the corruption – as he claims – which was defined by the polling process in the last major US election that was sorted by Democrat Joe Biden,
11-2020 11 08:58:20

Most of the global markets rebounded on Monday, right after the opening of the weekly trading session, after Democrat Joe Biden won the US presidential elections, and both stocks and commodities rebo
11-2020 10 09:23:45

More News

Logs

Advertisements