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Sep 7th 2007
NonFarm Payroll Results, Lets Get Back And Look At The Technicals
forex economic news, forex encounters 11 months, 2 weeks agoTags: NFP, Non farm Payroll, trendlines.
Caught fire with the NFP result? Shouldn’t be if your a technical trader!
| Forex Factory:USD | Nonfarm Employment Change |  |
-4K |
110K |
68K |
GBPUSD
All duration charts were showing the candles are above 200ema/sma lines. MACD shows that there’s decent strength still for the buy side, and the breakout on the top trendline since the candle is closer towards the top (Easier to break the resistance)
EURUSD
The same as of GBPUSD’s situation, no difference!
USDJPY
Only difference of it, breaking towards the downside. MACD, 200EMA/SMA lines, trendline breaking works here.
Point: Trendlines work.
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