The kickstart FX video takes a look at the 3-major currency pairs AND USDCAD after jobs. | Forexlive

EURUSD Update

Key Points

• EURUSD moved higher yesterday but faced selling pressure at the 100-hour MA.

• Breaking above the 100-hour MA and 200-hour MA is needed to confirm a bullish trend.

• Today’s price action pushed down to a key swing area (1.07609-1.07767) and is now breaking below that area. Stay below is more bearish. .

• A break below this area increase downward momentum, targeting election lows at 1.06819.

Trading Bias

• Bullish: Above 100-hour MA and 200-hour MA

• Bearish: Below 1.07609-1.07767 swing area

—————————————————

USDJPY Update

Key Points

• USDJPY tested and broke below 100/200-hour MA yesterday but rebounded in the Asian session.

• Price tested 61.8% retracement level (153.397) o fthe move down from July but failed to break above.

• Subsequent re-break below 100/200-hour MA sparked increased selling.

Key support levels:

• Swing area between 151.75 to 151.937

• 200-day MA (151.67)

Trading Bias

• Bearish: Below 100/200-hour MA, targeting 151.67

• Bullish: Above 153.397, confirming uptrend

Key Level to Watch

• 200-day MA (151.67)

—————————————————

GBPUSD Update

Key Points

GBPUSD is clustered around key Moving Averages (MAs):

• 100-day MA: 1.29921

• 100-hour MA: 1.29486

• Other support swing level: 1.2938

Trading Bias

• Bearish: Breaking below 1.2938 increases bearish bias and seller confidence.

• Bullish: Sustaining above 1.29486 and extending above 1.2992 (100 day MA) confirms uptrend.

Market Analysis

• Buyers failed to sustain above 100-day MA yesterday.

• Sellers took control after 100-day MA stalled Asian high today.

• Sellers now targeting break below 1.2938. Move below opens the door for the sellers to push to the downside.

Key Level to Watch

• 1.2938: Breakdown increases bearish momentum.

—————————————————

USDCAD Update

Economic Events

Canada Jobs Report

• Details

• Unemployment Rate: 6.5% (est 6.6%)

• Employment Change: 14.5K vs 25.0K est.

• Full and Part time employment:

• Full-time Employment 25.6K vs +112.0K last month

• Part-time Employment: -11.2K vs -65K last month

Technical Analysis

Support:

• Swing area: 1.3833-1.3847

• Breakdown target: 1.3813

Resistance:

• 200-hour MA: 1.3903

• 100-hour MA: 1.38912

• 100-bar MA: 1.3865

Trading Bias

1. Bullish: Sustaining above 200-hour MA and 100-hour MA.

2. Bearish: Breaking below 1.3833-1.3847 support.

Market Sentiment

Buyers have the edge

This article was written by Greg Michalowski at www.forexlive.com.

#kickstart #video #takes #3major #currency #pairs #USDCAD #jobs #Forexlive

latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media, forex, forex news, forex news today

HINDI NEWS