Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaEUR/USD has started Tuesday on a negative footing. It has broken through the support of 1.1930. Thus, the way down to the psychological mark of 1.1900 is open now. If it manages to break it, the way down to the low of March 19 at 1.1870 will be clear. Resistance levels are the 23.6% Fibonacci level of 1.1930 and the 100-period moving average of 1.1955.
Gold is moving up and up inside the ascending channel in the short term. If it manages to break the high of March 19 at $1745, the way up to the high of March 18 at $1755 will be open. The downside is limited by the intersection of the lower trend line and the 50-period moving average of $1732. Thus, gold is likely to move further up.
USD/JPY has reversed from the upper trend line on the weekly chart. And since the RSI indicator bounced off the 70.00 level and turned down as well. The pair is likely to move slowly down. If it breaks the psychological mark of 108.00, the doors will be open to the next round number of 107.00 Resistance levels are 109.00 and 109.50.
Finally, let’s discuss Microsoft. The last three candles have formed something similar to the morning star pattern, which is a bullish sign. Optimism over the news that Microsoft is buying Discord should lead Microsoft further up. If it breaks the recent high of $240.00, it may jump to the all-time high of $245.00. Just in case, support levels are at Friday’s low of $230.00 and $225.00.
