We finally got a good data from the US, very good numbers from NFP and also the average hour earnings met the expectation that was an increase from the previous one.

So yesterday on my blog I forgot to consider a bigger move on fib, I said the break of the 100 hourly moving average (blue line) would change my bias and turn from bearish to bullish, but as you can see here, price just stopped at the 50% retracement from last weeks high to the low, and actually the break of the 100 hourly ma wasnt with momentum. So price was rejected by this level and NFP helped it fell below both 100 and 200 hourly ma and now seems like price its heading to the first target mentioned when I started this analysis on tuesday. You ca also follow this link https://youtu.be/so9E9yAbjrs?t=1658 of todays webinar to see a little better the analysis and what should expect for next week now that seems price won't break the 200 weekly moving average.




On NZDUSD happened something similar, this case probably the levels price respected were clear, price retraced to the 100 hourly MA and fell from there, you can also watch the analysis here https://youtu.be/so9E9yAbjrs?t=2281 where i talked about a bad NFP scenario considering the weekly chart, but unless something really bad happens now, price should close below the 200 weekly moving average and will give us potential short entries for next week.

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