08 September 2017

Canadian jobs report Friday, 12:30. With the early publication of the US jobs report, Canada’s own measure gets its own time in the limelight. Canada reported a gain of 10.9K jobs in July. The OK result was not as impressive as most reports so far in 2017. The unemployment rate stood at 6.3%. A rise of 15K is predicted. The unmeployment rate is expected to remain unchanged at 6.3%.

CAD
Canadian jobs report

  • EURUSD

Update: The pair did rebound around the downside of the ascending channel. The pair is still consolidating after a strong bullish rally. It is also traded within an ascending channel. It is expected to show bullish pressures as long as the pair is traded above the downside of the ascending channel.

 

Resistance levels: Support levels: Recommended:
▪ 1.2000
▪ 1.2100
▪ 1.1900
▪-1.1850
▪ 1.1800
We remain bullish as long as the pair is traded above the level of 1.1900.
  • GBPUSD

Update: Weekly target has been hit. The pair managed to break through the level of 1.3000 and confirmed with yesterday’s close. This opens the door for further upward movement towards the level of 1.3120.The pair managed to break through the level of 1.3000 and the broken uptrend line again which is considered to be a bullish signal. The daily close (of today) will confirm the breakout of the levels mentioned above.

Resistance levels: Support levels: Recommended:
▪ 1.3200
▪ 1.3000
▪ 1.3000
▪ 1.2800
▪ 1.2700
We remain bearish as long as the pair is traded below the level of 1.3000.
  • GOLD

Update: Weekly target has been hit (1350). Bullish pressures are expected as long as the pair is traded above the level of 1300. The pair managed to break through a strong resistance level (1300). This is a bullish sign that the pair may continue going up to reach the level of 1330 followed by 1350. This is conditioned by the continuation of trading above the level of 1300.

 

Resistance levels: Support levels: Recommended:
▪ 1350
▪ 1340
▪ 1300
▪ 1210
▪ 1200
We remain bullish as long as the pair is traded above the level of 1300
  • AUDUSD

Update: The pair managed to break through the level of 0.8000. More upward movement is expected.

Resistance levels: Support levels: Recommended:
▪ 0.8100
▪ 0.8000
▪ 0.7600
▪ 0.7500
Expected to show bullish pressures
  • GBPJPY

Update: we remain bearish. The pair is traded right below a strong resistance level that can be found at 143.42. So, this is considered to be bearish for the pair that it may continue going down to reach the level of 141 followed by 140 during the week.

Resistance levels: Support levels: Recommended:
▪ 148
▪ 147.95
▪ 139
▪ 138
Expected to show more bearish pressures.