Hi traders,
Here is my NFP report with all the levels I will be watch during the realise of the job numbers:
USDJPY: very weak and 116.00 is MASSIVE. No one out there is expecting USDJPY to break 116, but what if he does? If we look SPX we saw that for the past few sessions he is stable but USDJPY is going lower, what IF SPX starts to get weak, USDJPY will probably tamble! Resistance:
EURUSD: very strong, the breakout of that TL I pointed out few days ago was MASSIVE. I am a buyer and any drop to 1.11 or even 1.10 is a opportunity to buy in my opinion. However, keep in mind that we have 61.8% at 1276 and some resistance at 1.1300.
USDCHF: very simular to the EURUSD, we are very close to support around 9886 which also has the 78.6% fib close too which we had that spike there. However, in the LONG TERM: I think we can reach 9792.
USDCAD: pretty close to that TL and 61.8% which I believe its a good buy for the long term to 1.5000 (Very long term trade). So keep an eye on 1.3541 today.
NZDUSD: very clear levels here, support at the 61,8% which is 6677 and resistance at the 78.6% fib at 6768. However, do not forget that I think this market is in a range in the long term between 6900 and 6400.
DXY: We are in a important trend line here, if we break (and close!) I think we can go back to 93.00 zone.
DAX: very close to support at 9250. IF indices gets weak and EURUSD goes higher, DAX has a great chance to break that support today.
GBPUSD: look at 4445 for support.
Trades: I have just stablished a very SMALL long on EURUSD and SMALL short USDJPY!
By Thiago Duarte
Chief Strategist at Duarte Investment Group
thiago@duarteinvestmentgroup.com
@thiagotrader
