Technical My Tips

USDCAD, 15-minute timeframe chart USDCAD retested the support level of 1.34860 👉General outlook USDCAD has been trading in a bullish trend within the last day. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.35040. Set your stop loss at 1.34828 below the previous low ($1.57 loss for 0.01 lot) and take profit at 1.35253 ($1.57 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 Sign Up Now ➡️https://bit.ly/attocta

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📊 The euro is awaiting the NFP data today The euro (EUR) rose by 0.25% yesterday due to weaker-than-expected U.S. labour reports. EURUSD tested the local support level at 1.10800 and continued its upward trend. 👉 Possible effects for traders Recent U.S. economic data has increased investors' expectations of a 50-basis-point (bps) interest rate reduction at the next Federal Reserve (Fed) meeting in September. According to the CME FedWatch Tool, the market now estimates a 47% likelihood of a sharp 50-bps cut in the federal funds rate, up from 31% earlier in the week. Today, the U.S. Bureau of Labor Statistics will release August's nonfarm payroll (NFP) data at 12:00 a.m. UTC. Experts expect the report to show an increase of 160,000 added jobs compared to the previous month's 114,000. Any significant deviation from the forecast could lead to significant volatility in U.S. dollar-related currencies. Data from the U.S. labour market is crucial in determining future interest rate changes, as it helps the Federal Reserve better understand the current state of the economy. The release of the NFP data will influence today's EURUSD movements and cause increased market volatility. If the NFP data is weaker than expected, EURUSD may reach the resistance level at 1.11600 and continue rising towards the previous month's highs at 1.12000 in case of breaking above the resistance. Otherwise, string NFP figures bring EURUSD down. 📲 Sign Up Now ➡️https://bit.ly/attocta

📊 XAUUSD rises to a one-week high as the U.S. labour market continues to weaken Gold (XAU) price rose by 0.89% yesterday as the U.S. Dollar Index (DXY) weakened due to traders' expectations of a sizeable rate cut by the Federal Reserve (Fed) next week. 👉 Possible effects for traders Investors have grown increasingly optimistic about a 50-basis-point (bps) rate cut by the Fed following the recent data that indicated a weakening U.S. labour market. Yesterday, the ADP Employment report showed that private payrolls increased by 99,000 jobs last month, the smallest gain since January 2021. The report followed a JOLTS report on Wednesday, which showed a sharp decline in U.S. job openings in July. ‘After ADP data, there was a gold spike, and it really shows the labour market is in a dire state, and there is a lot of concern about it’, said Phillip Streible, chief market strategist at Blue Line Futures. XAUUSD remains in a very strong bullish trend as the market currently prices in more than 200 bps worth of rate cuts by the Fed over the next nine months. Probably, the biggest risk for gold bulls is that too many bullish factors are already priced. Thus, when investors start to close long positions to take profit, the gold price may fall sharply. XAUUSD was rising slightly during the Asian and early European trading sessions. Today's most important event is the U.S. nonfarm payroll (NFP) report, due at 12:30 p.m. UTC. The NFP data will likely provoke a strong market reaction. The market expects 160,000 new jobs added in August. The market also anticipates the unemployment rate to fall towards 4.2% and average earnings to rise by 0.3%. Stronger-than-expected figures will likely trigger a major sell-off in XAUUSD, potentially pushing it below $2,480. Weaker data will probably pull the gold price towards a new all-time high. ‘Spot gold may climb to $2,559 per ounce, as it has risen above a neutral in a range of $2,473 to $2,511’, said Reuters analyst Wang Tao. 📲 Sign Up Now ➡️https://bit.ly/attocta

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⚡ The NFP is one of the leading indicators representing the USA's economic activity. The NFP shows how the U.S. Labor market is fairing and has the power to impact all the markets. During the announcement, we expect high volatility across USD pairs. This time, in case of the correct forecast, our analysts recommend to: Trade down on USD/JPY, USD/CAD, and USD/AUD. Trade up on EUR/USD and GBP/USD. Use this info in your trading session and reach maximum effectiveness with Binomo & Quotex ! Sign Up Now And Get 100% Deposit Bouns👇 Use Promo Code 👉 TLT100 Binomo Link: https://bit.ly/3zcLYDC ➡️Quotex Link: https://bit.ly/attquotex Use Promo Code ➡️ 50TMT , 50TLT

Friday is here, and so are the bulls & bears!❤️💚 Are you excited for today?🤔 Yes 👍 No 👎 Depends on the market 😂

📊 EUR may face high volatility today due to important reports EURUSD rose by 0.36% on Wednesday. The pair broke above the 1.10300–1.10700 range, where it had been oscillating for the past few days. Now, the pair is likely to retest the support level at 1.10700. 👉 Possible effects for traders Following the release of the July U.S. JOLTS Job Openings, which indicated a further slowdown in labour market conditions, the U.S. dollar (USD) weakened against other currencies. According to the report, the number of available jobs decreased from 7.91 million in June towards 7.67 million in July. Following the report, the market's hopes for a more substantial rate cut of 50 basis points increased. The situation in EUR is somewhat comparable to that of USD, with both the European Central Bank (ECB) and the Federal Reserve (Fed) planning interest rate reductions in September. If the ECB cuts the base rate in September, it will mark the second interest rate reduction since June, when the ECB initiated the transition to policy easing. Overall, ECB officials anticipate inflation to return to the 2% target by 2025. Today, many reports may affect EURUSD movements. The pair may further rise towards 1.11000 and above or retreat to the 1.10300–1.10700 range. Traders need to focus on U.S. Jobless Claims data at 12:30 p.m. UTC and ISM Services Purchasing Managers' Index data at 2:00 p.m. UTC. However, the most significant event of the week will be the release of U.S. nonfarm payroll data on Friday, which will give more insights into the potential size of Fed rate reduction this month. Investors are also awaiting the release of the eurozone Retail Sales report today at 9:00 p.m. UTC. 📲 Sign Up Now ➡️https://bit.ly/attocta

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Global energy consumption varies widely across regions and is influenced by industrialization, climate, population density, and access to resources. Different energy policies and economic activities also play a role. Check out this graphic highlighting the top countries by energy consumption per capita in 2023. Start Trading: https://bit.ly/attexpertoption

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Hey traders, want to learn the top 5 strategy tips from the best pros in the Forex? Then keep on reading! 1️⃣ Identify your risk coping strategy. Always be aware of risks. You should calculate the amount of money you can lose without any pain in the wallet—that can be your possible assets for risk. 2️⃣Wait for the right trade. It is important to be patient. Wait for the opportunity instead of placing orders without a strategy. 3️⃣Accept your losses. Mistakes happen. Sometimes, your forecasts and calculations can be wrong. It’s better to take a breath and move forward than try to get revenge on the market. 4️⃣ Be realistic about the profits. Traders have success in about 50% to 60% of their orders. That’s normal if you profit more on winners than you lose on losers. 5️⃣ Make pauses. Don’t rush into orders the moment you open your trading platform. Instead, start your day by analysing trends to understand the movements. Leave a reaction if this post was helpful!

🔹The U.S. elections have often been marked by intense campaigns, debates, and voter turnout. U.S. presidential elections, held every four years, involve candidates from major political parties—primarily the Democrats and Republicans—competing to win the majority of electoral votes, which are allocated based on each state's population. 🔹Historically, these elections have had significant impacts on both domestic and international policies, with market reactions often reflecting the economic policies proposed by the candidates. For example, markets might react to promises of tax cuts, regulation changes, or new trade policies. The outcomes can influence investor confidence, interest rates, and stock market volatility, with traders often adapting their strategies based on anticipated policy shifts and economic impacts associated with the election results.

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