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Please Trade at 1pm -4pm GMT
Currency Relative Meter Indicator
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Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. ----------------------------- The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. |
gmt time to pst
gmt time to pst
Currency Strength Meter Indicator
Bullish Data | Bearish Data |
Higher GDP | Lower GDP |
Higher Inflation | Lower Inflation |
Higher Employment | Lower Employment |
Lower Unemployment | Higher Unemployment |
Higher Consumer Confidence | Lower Consumer Confidence |
Higher PMI | Lower PMI |
When to enter the trade?
Pin Bar is highlighted by the elongated wick that ‘sticks out’ from price action. The picture below will show a pin bar in greater detail:
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