USDCAD - SELL

7 de jun. de 2024

• US Unemployment Smashed up
  
• Return to Previous LEvel
  
• CAD Strong
  
• Oil has been Strong
  
  
• Why price even went up apart from to collect Stops i do not know
  
  
• Has Hit Resistence
  
• Is Over Extended
  
  
• Indices will Roll Over on 5 min CCPV Indicator
  
  
• Tartget Order Block Below
  
  
  
• All USD Pairs same scenario
  
  imho
  

7 de jun. de 2024

Nota

Might help if I read the News correctly got it backward somehow
Too late to update the post when I realised.

Hence the term

"Why price even went up apart from to collect Stops I do not know"

Of course higher Jobs is going to push up USD and substantially even into next week.

Government Payrolls - Was 126% above Consensus Exp 19k got 43k
NFP May - Was 47% above Consensus Exp 185k got 272k
Earnings YOY also up 5%
But then Unemployment is up from 3.9% to 4%

So very strange numbers really

DXY should be heading back too previous High 106

Had Hit Target - Order Block - now will most probably head for the other one up the top as they do.

Tried to get Chat GTP Pine Script Assistant to make a simple Indicator to display "Next Calander Event" on the chart top right-hand corner but it couldn't do it.

Then I was hoping to get it to add the data so one could see whats going on that's the trouble so many places to look and we are not computers.

Another reason why they don't do any more for Joe Average in this game than they have to.

imho : )