Preparing for the Non-Farm Payrolls, the Elliott way

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NFP is approaching, and with it, high volatility is most probably going to occur.

Technical Patterns and Fundamentals seem to be lining-up or synchronizing for a rather big move.

With the ADP Non-Farm Employment Change and the Preliminary GDP falling short of their projected figures, the USD now seems to become vulnerable.

Technically speaking, EUR, Gold, YEN, Silver, CAD, CHF, WTI, all seem to show Reversal Patterns.

So far, it seems as if this Friday’s NFP could disappoint.

Will you be trading the NFP this coming Friday? Register now for our Live NFP Webinar, coming to you before, during and after the release! 

 

 

Elliott Waves & Technicals 

DXY – 2H Chartnon-farm payroll june

Focus:

  • Ending Diagonal
  • Rising Channel
  • Bearish Divergence
  • Fibonacci Extensions

XAU/USD – 2H Chart

Focus:

  • Descending Channel
  • Corrective Sequence

XAG/USD – 2H Chart

Focus:

  • Rising Channel Break-out
  • Corrective Bearish Sequence
  • Fibonacci Extensions
  • Bullish Divergence

WTI – 4H Chart

Focus:

  • Rising Channel Break-out
  • Bearish Impulsive Sequence
  • Fibonacci Retracements

EUR/USD – 2H Chart

Focus:

  • Descending Channel
  • Ending Diagonal
  • Bullish Divergence
  • Fibonacci Extensions

GBP/USD – 2H Chart

Focus:

  • Descending Channel
  • Ending Diagonal
  • Bullish Divergence
  • Fibonacci Extensions

USD/JPY – 2H Chart

Focus:

  • Impulsive Bearish Sequence
  • Fibonacci Retracements

USD/CHF – 2H Chart

Focus:

  • Descending Channel
  • Bearish Sequence
  • Bearish Divergence

USD/CAD – Daily Chart
usdcad daily chart

Focus:

  • Impulsive Bearish Sequence
  • Resistance Reaction

DAX – 2H Chart
dax 2h chart

Focus:

  • Impulsive Bearish Sequence
  • Fibonacci Retracements

Many pips ahead!

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