Forex Trading Usdjpy weekly forecast Nov 1 2019

Forex Trading Usdjpy weekly forecast Nov 1 2019


What’s up guys how are y’all doing it’s your JessiBoy back again with you all for those who are new to my channel channel I would like to welcome you all and I’d like to say that my name
is Jesse Grg and my channel name JessiBoy okay and where I simply
upload ideas, plans, opinion on the forex market ok and if you are really
enjoying if you really loved my idea plan, opinion ok so please don’t
forget to subscribe and like so that you can get new ideas, plans, opinion
from me okay in future with saying that all today I am with you all
with a new presentation on a major currency pair and this is USD/JPY
so U.S dollar Versus Japanese Yen and today what I am about to do on this
pair is guys as we all know first I would like to say that guys today now there is
a really high top tier report economic report is gonna release
soon okay by US so the United States gonna release the top tier
report okay which is called non-farm payroll so non-farm payrolls and some unemployment reports and participation rate private non-farm
payroll these reports are really highly okay top tier report guys and here is average how the earnings also and it is
all about employment I’m sorry guys employment report
so you can see what does non-farm payrolls mean okay so
these are highly sensitive news okay so today I have brought you all
presentation on usd/jpy okay and which is a intraday trading idea, plan okay so what is the non-farm payrolls mean non-farm
payroll measure the change the number of people employed during the previous
month okay excluding the farming industry so it
doesn’t count the farming industry and that it measures the
change in the number of people employed during the previous month okay
so job creations is the foremost indicator of consumer spending I guys so
which is also about consumer spending and consumer spending is like one of which
account for the majority of economic activities also consumer spending also
sometimes obviously indicate inflation inflation okay it also measures some
inflation data so having a good consumer spending is good for economic activity
and having a bad consumer spending report we will obviously hurt the
economic activity okay so obviously it is about the economic obviously it’s about the
consumer spending and so non-farm payrolls is all about employment
report so here you can see the non-farm payrolls some majors change in the
number of people employed during the previous month so the employed during
the previous okay so previous it will check that report okay how much people have been employed during the previous month so that is
about all about the employment okay so I’m gonna study a little bit about the
fundamental side for now okay monthly US employment update is back so which means this monthly employment report we are majority of
this all data about employment and earnings okay and about
some all about employments majority top tier reports are all about
employment so monthly US employment update is back and like you to shake off an already shaken US dollar after yesterday monetary policy
statement from the Federal Reserve FED cut rates 25 basis point from 2%
to 1.75% so I hope till now you all have
already known guys on October 31 okay today is November 1 so on October 31 on
Thursday guys today is Friday on Thursday October 31 okay so feed there
was a monetary policy decision okay and Federal Reserve FED just cut
25 basis point from 2% to 1.75% which was 25 basis point cut so that was really bad for at least US dollar so that was the
reason why our you can see now okay on technical side guys you can see how the
price drop okay throughout last couple of days we are on daily timeframe okay
guys and technically we are on range bound market overall talking about
the higher timeframe. You can see here it’s like a minor supply zone
where price has been supplied and here was a demand
where prices had demand and this was carrying on okay I mean this was mostly
happening throughout the month you can see the price was having a bearish trend okay
overall the trend was having You can see this is a descending trendline
okay so descending trendline indicated that overall there was a bearish trend from
October month of like 2018 October month to till
now it is overall bearish trend but for now we are in a range-bound, higher time frame range-bound market and now we will talk about the fundamental side. The FOMC statement of yesterday meaning the Thursday October 31 quickly brought the
USD/JPY down to the bottom from the top of the range meaning that the top of the
range this is the range bound market and the top of the range
you can see this is the top of the range and the price dropped
after that FOMC report which was published on I want to show you
all. Yesterday I am sorry it is yesterday today is November 1 okay
Friday and it was a October 31 yesterday October 31 okay Thursday so
you can see guys i know you all have mostly already known but I
also just wanted to make things clear here so wait a second guys wait a second guys It was yesterday I’m sorry I just
pressed on this week okay so it was yesterday
there was FOMC press conference okay with Jerome Powell our
FED governor had press conference I know it was on oct 31 but the timing is like
for Asian and United States is different for now, I’m in Asia so it will be nearly a
morning so you can see you guys the FED interest decision 1.75%
so as forecasted actual was as forecast
so the Dovish was accurate okay so forecast was the dovish okay
meaning that the statement interest rate decisions was 2% okay on
previous months but forecasted on October 31
FED interest rate decision was 1.75% and the forecast was being
actual so it was forecast was dovish ok and the actual was also dovish so
it was really bad for at least United State I mean the dollar
which we trade because the dovish of because central bank being
dovish will somehow hurt the currency obviously so we can study now
the FOMC statement of yesterday quickly brought the USD/JPY down to
the bottom from the top of the range with expectations that we will
see some job sectors softening based on rising job cuts data so what does that
mean rising job cuts data mean a reductions in the number of jobs in
organizations area of a country so it means that with expectation that we
will see some jobs sector softening Job sector softening okay
on the base of rising job cuts data and some weakness in yesterday ADP
private payrolls report so on thursday diras also another major before the hey
guys we just published and October okay so say October thought TV okay I guess
it was on wine st okay I assume it was on minus T so let’s get shake off you
guys okay it was off to about forty I am already on eat okay so let’s take it
okay it wasn’t – J is okay – talked about forty over hey guys so we can see
okay areum not ADP okay ADP okay that means okay but this tour
was positive right guys so ADP National Employment Report is a measure of the
monthly change in non-farm okay in on per minute and not in farm okay it is
for non farm and made us monetary changes okay change in non-farm private
employment okay LDP miss not implementable is a
measure of the monthly change in non-farm private employment based on the
payroll data of X approximately 1,000 years business flying the release two
days of it for the going in data either okay this is all about our greasy food
is all about all our implementor you guys so the employment for one it was
like guys I just wanted to play love it it was also odd employment report okay
which amazes the monthly changes in non-farm and private employment okay so
based on the payroll data so this is now employment report and the implemented
food was like okay October okay on October it was like 120
150 okay but that data was revised on 93 K okay so what does that mean now okay
so on September total of total fours offs okay ad it was revised so actually
the data sold on okay ah ah okay on September okay on datas on Saturday
my data shows there’s 135 kids opera added okay but the focus was 121 at the
foot TK and but the data was lower than forecast and it was far too far lower
than the previous but the data revised on October okay on October okay when it
was the this people was gonna release okay on that day on that month I mean
okay on October okay so it was you guys from 93 key I mean 152 93 key okay so
what does the revised me in economic real-time economic data and other
official style statistics are often based on primary preliminary estimates
okay and therefore are frequently at the straight as brittle estimates become
available the later adjusted data called revised apologize
so this was all later best available data then that one Okita the actual one
which was released on okay September okay
September Eid so who is the son over supposed okay but it was September in
Dallas so the – September in data was revised on October okay October 30
because it was based okay available data okay
then all year one so the latter adjusted data are called device data so this one
data is called if I start out it was revised okay from this so what does it
make sense is guys okay so this again so with expectation that we will see some
job sector softening based on risings of cough not okay
a reduction in number of jobs in an organization’s area of a country and
some weakness in Australis a repeat private payrolls
before September’s total Falls of added was revised down from an initial one
135,000 to 93 thousand so 135 thousands to 93 thousand it was revised so because
it was revised okay guys that’s why as 30 ad P P P Rose meaning that – tell ya
it was on – t – t okay so at today’s perros we need R minus T on October 31
leb pero repos okay was also some weakness okay
why it was weakness because on September it was 145 K okay on September okay off
to September okay September or ADP non-farm employment changes was X
actually 125 G okay but it was revised to 93 K so far now on up to word Tok Tok
on – da of this way the data was 125k was able to forecast above the previous
but it wasn’t da da da older data okay which was not a not the device start
okay it was the actual data which was released on September okay
in on October 4 to the 2nd and September in love so that was the September the
actual data which was released on September in was one 135 $135,000
100,000 okay but it was you guys to 93 thousand and so one returned five she
was above the protest and above the previous four for the October tok tok
but it was not higher than the actual data which was released on September
which was released for September 30 okay and on the October – okay so this one is
still lower than this one okay because the because you guys that arctic so
being above the device data does not only make a cop purely positive okay
because it was first released okay on September India and that was the real
one but we sauce revised okay on 93 K so this number couldn’t even beat this
older number okay so that was the case it was still counted as like a witness
in a VP private payrolls report of – J okay on that October talk T we saw C
list so that was a little bit complicating okay guys for you all but
just know you know that guys ATP private traders fast
we called Vanda all year okay all your on September even do the revised data
was lower okay lower than the I mean G by star was
93 thousand butter actually released data on September in was for the
September in was a 125,000 okay so there was the thing I why this even being no
actual real released above the profession previous was counted as
weaker okay so weaknesses and weakness in a study aid
opinions after lynnandhev I had this written on the first you okay
sir please parish so it’s not a sturdy but it is about the October ok October
31 St okay so being the Arabic private farmers also lower and also the rising
job costs Tata okay because of because of I mean I mean job sector softening
okay based on lodgings of course circuit and ADP okay private payers also being
with me something I mean realizing or weaker it is
possible to continue is intraday trend lower okay if government data conforms
to weakness okay so confirms the weakness for what confirms the weakness
for they that okay for today data for today’s data which is okay this one okay
non-pay non-farm payrolls now if today’s data okay which is on November 1
November fast okay now we were fast employment data okay there are all
employment okay we should talk our monthly us implement operate okay these
are all monthly us implement object if today’s data okay so if if it is
possible to continuous intraday trained floor okay so meaning that you traded
trend lower meaning this in today okay I am watching this phenomenon daily
timeframe okay so we I’m forecasting for intraday or swing trader hey guys I am
expecting this price directly at least drop okay so if you guys are new to my
channel okay they don’t know about this blue line okay
so this blue line which is which have a piece I on okay this is a pivot point
level oh hey guys so P indicates for people to endeavor and I am having a
very sentiment on this okay if only if only today’s non-farm payroll report
this employee increment updates from the US night okay
is if negative okay if this whole ripples are negative okay I mean
implement Dada’s are totally worst okay then forecast okay and then previous
okay then obviously this trade would fall more deeper okay they will have
more increase in sale inside okay and that is the thing what I am very wording
to see you guys and I hope you all enjoyed this video and mmm and I hope it
really makes some sense okay guys I’m sorry it was really complicated to have
all your okay when I have to explain this off but I hope you all got some
point okay so just know that monthly us increment updates it gets negative okay
if those people are all getting negative effect which are it to come okay now so
this one we have to be careful on all the top tire is to perform or which are
concerned to employment okay increment data if those are all negative okay so
this our intraday okay we sauce like you try intraday trend meaning that came to
this trend overall trend okay which are in form of daily okay so if you strained
are all if the dadoes are all negative okay and against the US economy okay
then obviously obviously it is possible to continue is intraday we look at trend
lower if government data confirm the weakness so government data meaning that
this all data our the employment data and okay okay so that’s the thing and the
momentum is in our favor if one of the movement who is having a baby’s movement
I’m okay there is momentum because of yesterday our rate cut okay 25 this 200
cut so the movement of each in order and if we see of poor octet of us employment
and okay so that is what I mean okay us implement which this all employment
object okay of the current one okay unless I’m sorry not occurring but it’s
last one to talk to work okay okay so we we are on November 4 now but it is all
up to varrock it is all about October now so okay so the momentum is in our
favor and if we see a poor octaves of us implement on October off October okay so
for now we are on November it’s the last one okay and of course we reactions and
of course you owe and and currency reaction with it the reactions following
the poor object US employment okay it may be time for some more action from
down scientists down setting that is what I am planning about realize if the
only the employment of this for the October month are negative Christ
imagine if they all are having negative then obviously disturbing you
I have a very sentiment continuous or bearish sentiment inside a trend with
always have more lower okay and this range bound market okay the range bound
market should have to be ranging okay so that’s the thing the wins round market
should have to win okay this is all about winds wrong guys I hope you got my
point so this is strange wrong okay so it will start to fall lower okay if only
the implement obtains okay the of the October okay monthly us implement out
okay of this are all negative okay this all be put out implement drip on of
negative then obviously this sentiment with the more berries the inside a trend
will continue further lower and this trend will have obvious
continuation of okay guys so that’s what I or all mean and what if positive news
real is okay a one number of us job meaning that are good truly so guys
could really make positive relays okay above the flow cast and previous okay
actually put releasing about being above the flow gas and previous will be
considered as a one nib number okay over that is what I mean you guys talk would
probably attract buyers again I mean a one number of us top will probably
extract bias it so there will be more buying a collision now okay
if only if only the top job okay I mean the employment updates for the October
month is positive than obviously there may probably okay at the more buyers are
now okay so not press one okay not just face one meaning they’re not just face
one meaning that not just only new one okay but will probably result in profit
from yesterday for you meaning that they will have a new mean they will have a
new bias obviously okay if the report is released positive little guys and not
only the new one new buyers okay but also those who were sorting from okay
starting from okay we can see now here if I do need you guys he does she
October 30 to November 1 okay I mean it was like October Tory from the Wine
Estate those who was sailing from this pic okay from this descending trendline
drop okay those who were selling from kind of like we can see in like okay
those who are sailing from one hundred nine point eight one is six okay they
will also be now closing their soft position okay cooking their profits from
soft and that will also create more demand enough because this sought
position get closed obviously that will bring some accumulation okay so that
will be acting like a demand now yes so a new demand will also appear okay
because of the positive employment update and also the those who are
sorting from minus T okay this week – Tiana – from October 30 they will also
be now choosing their soft positions booking their profit and that we case or
demand okay so and that price you will rise okay that is all what it means and
that may only be all Rick’s for this short trip okay guys sought idea so for
this sort idea to be really true okay I mean walk a ball okay
the report must not be positive okay if it come positive then we must think
carefully okay or we must have to sent in sentiment wise check out share an
idea further hey guys so to be aware or we have to read manager weeks okay so
that’s all guys for for today and I hope you all enjoy my video hey guys so I
hope you all love my idea okay an opinion on this and plan okay on this
major conspiracy dollar okay verses seven is the N and then please guys
don’t forget to Like and don’t forget to subscribe my channel ok guys so
obviously I will bring a lot of more ideas plans and opinions on different
coins appears here not only the me for today we I’m we are on the major
okay my presentation is all over me major can see and it is like each other
a to stream okay so not so I’m not for a scab you love it it is like intraday
this thing it will take somehow like four days at least or one way okay
depending on how much longer okay surprise ask asked for okay so it will
take some time I just mean that and this is an
introductory presentation they are intraday all we can say like midterm
idea okay so I hope you all love my idea I hope you all enjoy my idea for those
who are new to my channel like am so sorry if you didn’t understand okay I
just use the pivot point okay liver which is on Fibonacci okay this your
point type is on chicken I can use our monthly so I hope a most most often use
this few points for Mike duty okay so it falls inside my strategy okay so for
those me okay when you I am just saying you all dad only purchase because it is
a bit confusing all the normal things okay like this
SME take these are all moving average and all that stuff and just play I’m
just seeing you all an intraday idea plan up in your game
at the wheels of the Hydra Idris or bites or long life successful industry
and for now having a beer spice and have you know saw twice I mean very sentiment
and I am having a socks sword bicycle bicycle so that’s all guys I hope you
all enjoy mega idea and if you really enjoy an idea guys so please stay tuned
and please have a safe trade or head and I with that again you always knew
presentation okay on different kind of four-point actions
okay tears okay I do the major pay minor scale okay

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