Fundamental Analysis FARM PAYROLL What is the Nonfarm Payroll? Reported on the first Friday of each month, Nonfarm Payroll refers to any job excluding farm work, government agencies, non-profit organisations and self-employment in the US. The most important statistic reported from the Nonfarm Payroll is the number of additional jobs added from the previous month, which … Read more
Technical Analysis USD/CAD Looking at the weekly chart (Figure 2), USD/CAD continues to respect the channel support and resistance lines. We also have a bullish engulfing candlestick pattern after the week’s close, and the Stochastic seems to be forming a bullish crossover. The MACD still remains in bullish territory and if the market continues to … Read more
Technical Analysis USD/CHF After attempting to reach the 1.0110 major resistance, the pair suffered a strong selling pressure and posed a bearish engulfing on February 14th and a Gravestone Doji the day after, meanwhile, RSI and Stoch were both showing bearish divergence. The closing price below the up trendline on February 18thwas believed to serve as … Read more