During the day on Friday, we get the Nonfarm Payroll Numbers coming out of America, so that of course will be the most important announcement of the day. With this being said, we look at several different trading opportunities.

USD/CAD

The USD/CAD pair rose during the course of the day on Thursday, using the 1.34 level as a bit of a springboard. If we can break above the shooting star for the session on Wednesday, and even better yet break above the shooting star from Monday, the market should then begin to pick up momentum to bounce significantly. Pay attention to the oil markets, because if they fall that should give more credence to this move.

CAC trying to break out

The Parisian index pulled back slightly during the course of the day on Thursday, but is sitting just below a massive resistance barrier that would allow the trend to change completely. In fact, we believe in buying calls above the 4550 level, and we would buy calls on pullbacks and show signs of support near the 4300 level as well.

Gold continues to consolidate

When you look at the gold market, you can see that there is an ascending triangle. This is a very strong technical analysis signal for a move higher, and as a result we continue to buy calls on short-term pullbacks as we will eventually break out to the upside and continue to go much higher.