Better than expected NFP. The analysis!

Better than expected NFP.
The analysis!

On Friday the 10th, the US released the NFP with an actual value of 287k vs an expected 180k.

More than double! What happens now?

Here your weekly market update!

S&P 500

The cyclical indicators are bullish. Speed and Price are both pointing up.

The SP500 is touching all time highs but there are two resistances drawn from the tops of last cycles at 2.125 – 2.120 and a bearish divergence on the stochastic.

Operative strategy

As long as the price is above the post Non-Farm-Payroll Range (2.115 – 2.105) the trend is bullish, and the market could keep moving upward.

The view could drastically change if the price drop below the NFP minimum with a new target around 2.080 first and 2.050 later.

sp500(Sp500 – H1)

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The speed is negative and the Price is stuck around the moving average. neutral situation.

Everything is now decided by the NFP Range:

  • Between 11.985 and 12.040 -> Flat.
  • Below 11.985 -> Short.
  • Above 12.040 -> Long.

USDOLLAR H1 (07-10-2016 1727)(UsDollar – FXCM CFD)

GOLD (Xau/Usd)

  • Price above the average and the NFP Range.
  • Speed is positive (Stoch above 50)
  • There aren’t any static support and resistance in the area.
  • The market perfectly tested and bounced back from the trendline at 1.335.

A clear bullish indication as long as it stays above 1.335.

Gold Xau/Usd(Xau/Usd – H1)

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