Preparing for the Non-Farm Payrolls, the Elliott way
![nfp non-farm payroll june](https://www.orbex.com/blog/wp-content/uploads/2018/05/nfp-non-farm-payroll.jpg)
NFP is approaching, and with it, high volatility is most probably going to occur.
Technical Patterns and Fundamentals seem to be lining-up or synchronizing for a rather big move.
With the ADP Non-Farm Employment Change and the Preliminary GDP falling short of their projected figures, the USD now seems to become vulnerable.
Technically speaking, EUR, Gold, YEN, Silver, CAD, CHF, WTI, all seem to show Reversal Patterns.
So far, it seems as if this Friday’s NFP could disappoint.
Elliott Waves & Technicals
DXY – 2H Chart![non-farm payroll june](https://www.orbex.com/blog/wp-content/uploads/2018/05/DXY-–-2H-Chart-1.png)
Focus:
- Ending Diagonal
- Rising Channel
- Bearish Divergence
- Fibonacci Extensions
XAU/USD – 2H Chart
![](https://www.orbex.com/blog/wp-content/uploads/2018/05/XAUUSD-–-2H-Chart-1.png)
Focus:
- Descending Channel
- Corrective Sequence
XAG/USD – 2H Chart
![](https://www.orbex.com/blog/wp-content/uploads/2018/05/XAGUSD-–-2H-Chart-1.png)
Focus:
- Rising Channel Break-out
- Corrective Bearish Sequence
- Fibonacci Extensions
- Bullish Divergence
WTI – 4H Chart
Focus:
- Rising Channel Break-out
- Bearish Impulsive Sequence
- Fibonacci Retracements
EUR/USD – 2H Chart
![](https://www.orbex.com/blog/wp-content/uploads/2018/05/EURUSD-–-2H-Chart-3.png)
Focus:
- Descending Channel
- Ending Diagonal
- Bullish Divergence
- Fibonacci Extensions
GBP/USD – 2H Chart
![](https://www.orbex.com/blog/wp-content/uploads/2018/05/GBPUSD-–-2H-Chart-2.png)
Focus:
- Descending Channel
- Ending Diagonal
- Bullish Divergence
- Fibonacci Extensions
USD/JPY – 2H Chart
![](https://www.orbex.com/blog/wp-content/uploads/2018/05/USDJPY-–-2H-Chart-2.png)
Focus:
- Impulsive Bearish Sequence
- Fibonacci Retracements
USD/CHF – 2H Chart
![](https://www.orbex.com/blog/wp-content/uploads/2018/05/USDCHF-–-2H-Chart-2.png)
Focus:
- Descending Channel
- Bearish Sequence
- Bearish Divergence
USD/CAD – Daily Chart
![usdcad daily chart](https://www.orbex.com/blog/wp-content/uploads/2018/05/USDCAD-–-Daily-Chart.png)
Focus:
- Impulsive Bearish Sequence
- Resistance Reaction
DAX – 2H Chart
![dax 2h chart](https://www.orbex.com/blog/wp-content/uploads/2018/05/DAX-–-2H-Chart.png)
Focus:
- Impulsive Bearish Sequence
- Fibonacci Retracements
Many pips ahead!