Intraday market analysis
Yesterday evening, U.S. non-farm employment growth slowed more than expected in October, and the unemployment rate rose to a new high in nearly two years, a decline from this summer's blistering hiring pace. On Friday (November 3), data released by the U.S. Bureau of Labor Statistics showed that the U.S. non-farm payroll employment in October was 150,000, lower than the expected 180,000 and lower than the monthly average of 258,000 over the past 12 months. increase in people. The unemployment rate rose to 3.9%, and wage growth slowed down on a monthly basis. U.S. short-term interest rate futures rose after the non-farm payrolls data was released, with traders betting the Fed was less likely to raise interest rates further. The currency price market is supported by buying orders and is currently above the 34,000 mark!
Daily level: Since the sharp rise last Friday, the currency price has entered a volatile consolidation trend. The double-line golden cross of the MACD indicator has begun to show signs of change, suggesting that the market pullback may further continue. However, the currency price is still supporting above the 5-day and 10-day moving averages! The continued downward trend is not yet clear. In the secondary situation, the market moves horizontally with more pins inserted, so you need to pay attention! In addition, rsi is still above 70! In overbought territory! To prevent profit taking!
On the upside: The initial resistance is at the 35,000 integer mark! Further resistance will focus on this month's high near 35919! (This position may be smaller if it rises again)
On the downside: Initial support focuses on the 34,000 integer mark, and further support focuses on the middle track of the Bollinger Bands around 32,307! (An unexpected short counterattack and heavy volume are required to reach this point)
Intraday suggestion: be cautious and go long on dips! Be cautious about shorting on rallies (the market may be lighter on weekends)
The current operation suggests that the short-term follow-up MAI enters the decline near 34700. The target point is near 34397 (if the short-term does not reach it, manual profit taking is required according to the market demand), and the stop loss is near 34998 (if the small stop loss changes, adjust the direction in time!) Investment is risky, so be cautious when entering the market. Personal suggestions are for reference only.
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Yesterday evening, U.S. non-farm employment growth slowed more than expected in October, and the unemployment rate rose to a new high in nearly two years, a decline from this summer's blistering hiring pace. On Friday (November 3), data released by the U.S. Bureau of Labor Statistics showed that the U.S. non-farm payroll employment in October was 150,000, lower than the expected 180,000 and lower than the monthly average of 258,000 over the past 12 months. increase in people. The unemployment rate rose to 3.9%, and wage growth slowed down on a monthly basis. U.S. short-term interest rate futures rose after the non-farm payrolls data was released, with traders betting the Fed was less likely to raise interest rates further. The currency price market is supported by buying orders and is currently above the 34,000 mark!
Daily level: Since the sharp rise last Friday, the currency price has entered a volatile consolidation trend. The double-line golden cross of the MACD indicator has begun to show signs of change, suggesting that the market pullback may further continue. However, the currency price is still supporting above the 5-day and 10-day moving averages! The continued downward trend is not yet clear. In the secondary situation, the market moves horizontally with more pins inserted, so you need to pay attention! In addition, rsi is still above 70! In overbought territory! To prevent profit taking!
On the upside: The initial resistance is at the 35,000 integer mark! Further resistance will focus on this month's high near 35919! (This position may be smaller if it rises again)
On the downside: Initial support focuses on the 34,000 integer mark, and further support focuses on the middle track of the Bollinger Bands around 32,307! (An unexpected short counterattack and heavy volume are required to reach this point)
Intraday suggestion: be cautious and go long on dips! Be cautious about shorting on rallies (the market may be lighter on weekends)
The current operation suggests that the short-term follow-up MAI enters the decline near 34700. The target point is near 34397 (if the short-term does not reach it, manual profit taking is required according to the market demand), and the stop loss is near 34998 (if the small stop loss changes, adjust the direction in time!) Investment is risky, so be cautious when entering the market. Personal suggestions are for reference only.
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