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NFP weeks lots of possible catalysts for the major dollar pairs! Here are chart levels that I’m looking at this week. Check out these setups!

1-Hour Charts of the Majors

Purple Line: weekly open prices (WO)
Blue Line: weekly highs and lows (PWH, PWL)
Red Line: top and bottom weekly ATRs (tWATR, bWATR)
Blue MA: 100 SMA
Red MA: 200 SMA

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart
USD/JPY 1-hour Forex Chart
USD/JPY 1-hour Forex Chart
USD/CHF 1-hour Forex Chart
USD/CHF 1-hour Forex Chart

Potential Catalysts:

1. NFP reports – Can’t have NFP week without NFP-related reports! Since Yellen hasn’t really given us clues in her Jackson Hole speech, traders will likely look at the NFP-related reports for clues on how hawkish the Fed will be in its September meeting. Hafta make sure we’re also in the loop when the reports are released!

2. Trump-related updates – NFP reports might move the dollar pairs, but any significant updates from the Trump administration could also move the dollar and even other major currencies. Keep close tabs on any updates on Trump’s tax cut, infrastructure, and NAFTA plans!

3. Pre-ECB price action – We’ve seen during the Jackson Hole weekend how willing traders are in pricing in a hawkish ECB meeting coming up next week. If more ECB members pop up to support the notion that the central bank will start tightening its policies, then we’ll likely see the euro extend its uptrends across the board.

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