Surprise NFP data reporting was less than expected for US Employment Change, most notably was that the jobless rate data came in less than forecast at 4.2 to help balance things out. Despite this, we are sticking with our price narrative that it should continue higher on the DXY. We will be looking for ( members only) . If we go back and take out 95.831, then it will attack the equal lows.
NFP data came and nothing changed. Numbers were not great, but we still continue to our upside objective to ( members only) .
EURUSD is being held in consolidation to allow GBP to drop but we will still look for EUR to drop next week to the ( members only) level.
Our GBPUSD sell is doing very well, and we have almost achieved our TP ( members only) . Price might retrace after hitting our TP 1, and then next week we would expect TP 2 at ( members only) .
As we expected, AUDUSD had a continuation to the downside on where ( members only) is the next draw on liquidity. We used the weakness in AUD to sell AUDNZD and buy EURAUD.
NZDUSD moved out from the consolidation and is heading lower, just as we foresaw. We currently don’t have any position on this, and we expect it to drop to ( members only) .
For EURGBP, we had a nice buy from yesterday targeting 0.85953. We expect to see a continuation to the upside next week.
USOIL reached the 63.90 level today, and our next level is ( members only) . We are going to monitor price closely, as there might be a retracement.
We are currently monitoring Gold as we have almost reached our final target. Next week price will drop to our final target. It might continue lower, but for now we will stick with ( members only) .
As expected, we saw BTC dropped today and our target still remains at $( members only) . We believe it will go lower, but for now we are just targeting $( members only) . Once we reach that level, we will see what price will do next.
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