A lot of FX pairs have turned into the direction of USD in the last 24 hours, so it should be interesting to see if the NFP will cause acceleration on those moves, or will we see another short-term swing against the buck. Our technical analysis suggests that the USD will rise, but even if just for the short-term. Expectations are at 228K, which is quite above 126K number that came out last month. But we will have to keep an eye on revisions as well. A revision to above 126K would be bullish for the dollar, as 126K was considered a very bad figure last month. On EURUSD we have seen a nice turn down from the highs while the German DAX turned up from its ending diagonal. On the DAX we can count five waves up which is a bullish structure, so further gains should follow after any corrective retracement. Support on pullback could be found near 11377. DAX (June 2015) 15min Elliott Wave Analysis So if DAX will go higher, then EURUSD will probably decline to lower levels. That said, a fifth wave high can be in place for EUR so be aware of a reversal down to 1.1060 in sessions ahead. EURUSD 1h Elliott Wave Analysis In this week’s podcast, we take tips from Yellen, discuss commodity currencies and preview next week’s events Subscribe to Market Movers on iTunes Gregor Horvat Gregor Horvat Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power! View All Post By Gregor Horvat Forex News Today: Daily Trading News share Read Next Non-Farm Payrolls: +223K – details mixed and so is USD Yohay Elam 7 years A lot of FX pairs have turned into the direction of USD in the last 24 hours, so it should be interesting to see if the NFP will cause acceleration on those moves, or will we see another short-term swing against the buck. Our technical analysis suggests that the USD will rise, but even if just for the short-term. Expectations are at 228K, which is quite above 126K number that came out last month. But we will have to keep an eye on revisions as well. A revision to above 126K would be bullish for the dollar, as 126K was… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
