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NASDAQ 100 CFD

Nasdaq H4 | Potential bullish bounceThe Nasdaq (NAS100) could fall towards an overlap support and potentially bounce off this level to rise towards our take-profit target. Entry: 18,253.60 Why we like it: There is an overlap support level Stop Loss: 17,994.80 Why we like it: There is a pullback support that sits below the 61.8% Fibonacci retracement level Take Profit: 18,605.45 Why we like it: There is a resistance level that aligns with the 127.2% Fibonacci extension level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:NAS100Long
by VantageMarkets
N1Sum of the averages within the blue boxes and that is still what I am seeing. I had a great long last week but was taken out by the SL in profit, yet it went the full direction of the forecast. We seeing a flag forming that is slightly bearish, which would allow us to place buy stops just above and a SL below the flag low, but this is the high price Nas has ever hit. So from my own observation and backtesting, before it goes through a high again. It will drop and gain momentum and spend 3-5 days pushing further up or collapsing before finally going in the obvious direction you had set out. Trade Idea : NONE sit your ass in that chair and stay patient
PEPPERSTONE:NAS100
by Mhangwane1
NASDAQ Aiming Higher: New Upward Rally Continues!NASDAQ maintains its upward trajectory, continuing its ascent in a new rally. With bullish momentum intact, the index remains focused on reaching higher levels. Investors are optimistic about the sustained growth potential, driving confidence in the NASDAQ's performance. As the rally persists, attention is keenly directed towards emerging opportunities and potential market developments. Amidst evolving market dynamics, the NASDAQ's resilience and upward momentum underscore its significance as a key benchmark for technology and growth-oriented stocks.
OANDA:NAS100USDLong
by Kara_trade
QQQ bearish Head-and-Shoulders pattern confirmedNASDAQ:QQQ has shaped Head-and-Shoulders formation on the daily chart. Daily downtrend confirmed, weekly consolidation has started. Please note that broad SP500 market is still technically in an uptrend, meaning that buyers are still strong. So if you plan entering SHORT on QQQ I would wait for a pullback to increase risk-reward. An example of possible trade is shown on the chart. Of course, it is important to monitor how things develop and make corrections if needed. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
NASDAQ:QQQShort
by hermes_trisme
A Traders’ Weekly Playbook: Long event risk, short sleepThe markets will come alive this week reacting to the outcomes of an incredible array of tier 1 event risk, with some 14 central bank meetings, including six G10 central bank meetings, as well as numerous emerging market central banks too. At a more micro level, Nvidia takes centre stage with the highly anticipated GPT conference a potential volatility driver for the AI juggernaut. We consider that the findings could impact the wider semiconductor space and even promote volatility across broad markets. In the playbook, we break down what matters most in each event risk and what could drive market moves above all else, while offering trading thoughts on where the skew of risk resides. This coming week there will be opportunities across markets, but more importantly, the ability to skillfully manage risk and assess correct position sizing will be where traders live to fight another day. For a more detailed run-through of the week’s events, as well as analysis of the technical set-ups front of mind and the trades I am reviewing, join the livestream on TradingView on Monday at 1pm AEDT. Good luck to all. Key event risk for the radar this week Nvidia GTC conference (18-21 March) After a record 10 weeks of consecutive gains for Nvidia’s share price, investors get a chance to hear more about the future of generative AI, as well as new products in the pipeline and potential sales opportunities through the lens of the AI market leader. We hear from CEO Jensen Huang (on 18 March) and other key figures within the business. Expectations that the conference will hit the sweet spot are sky-high and the options market implies an -/+11.6% move in the share prices by Friday. The importance of Nvidia to the broad US and even global equity market can’t be overstated and the read-through to semiconductors and the wider NAS100 is a real risk. AI has been the key equity theme for a while and will continue to be so, and Nvidia is at the epicentre of this. The prospect of a sell-on-fact scenario is a real risk. Tencent – a key influence on the HK50 index, Tencent report earnings on 20 March with the options market implying a -/+3.8% move on the day of earnings. The HK50 index has formed a wedge pattern within a long-term bear channel – a set-up that needs monitoring – preference to chase strength should price break above 17,200. FOMC meeting (21 March at 05:00 AEDT) and Chair Jay Powell’s press conference (05:30 AEDT) What to focus on: • The Fed won’t cut rates at this meeting and the guidance and overall tone will likely remain unchanged from prior commentary. US interest rate swaps price 75bp of cuts by year-end, so the FOMC statement, economic projection (SEPs) and Jay Powell’s press conference will need to reconcile against that pricing. • The ‘dots’ are key – if 2 Fed members lift their projection for the fed funds rate in 2024 it will result in the median projection for the collective being reduced to 2 cuts (from 3) through 2024. Given market pricing for 75bp of cuts this year, a move towards 2 cuts for 2024 as the median ‘dot’ should cause US bond yields to spike higher, taking the USD higher and US equity and gold trade lower. • The longer-term projection for the fed funds rate – or what is considered the ‘neutral rate’ for Fed policy - currently sits at 2.5% - could this be revised higher to 2.75%? • If the Fed’s 2024 dot for 2024 remains at 4.6% (and for 3 rate cuts), but we also see an upgrade to the 2024 GDP forecast (currently 1.4%), we could feasibly see a relief rally in equity and gold and promote USD sellers. Trader thoughts: The algo’s will be set to respond rapidly to the 2024 dot, as this is what matters above all else. A move to pencil in 2 rate cuts this year is not consensus but it is a real possibility and would likely see markets implied rate cuts by December 2024 reduced from 75bp to 60bp of implied cuts. This outcome would see the USD spike and see equity and gold trade lower. Conversely, if the 2024 ‘dot’ remains at 3 cuts, then we could see an immediate relief rally in risky assets and gold. The risk to markets seems balanced, so it seems prudent to reduce exposures over the FOMC meeting and look to react accordingly when the facts are known. BoJ meeting (19 March – likely seen between 1pm and 4pm AEDT) • Despite strong union wage increases on Friday, 29 of 31 economists see BoJ rates left at -0.1%, with a view that the BoJ send a strong signal they will hike rates in the April meeting. Market pricing, however, implies a 10bp hike at 50%, suggesting an elevated risk of JPY volatility over the meeting. • We also look for changes to Yield Curve Control (YCC) and/or the pace of bond and ETF purchases. Trader thoughts – Again, the algos will play a key role in determining initial market moves, and hedge funds will set them to respond squarely on whether we see a 10bp hike or not. While the broad market is short of JPY it feels that unless we see a 10bp hike and changes to the rate of JGB purchases then it will be hard to promote a material move higher in the JPY. Swiss National Bank (21 March at 19:30 AEDT) • The Swiss swaps market prices the chance of a 25bp cut at 30% • 18 of 20 economists see interest rates unchanged at 1.75% Trader thoughts – Two weeks ago the broad view was that the SNB could cut rates by 25bp, perhaps even by 50bp – now the broad consensus view is that the SNB leave policy unchanged at 1.75%. Given market pricing, the risk is we see a bigger move lower in the CHF on a 25bp cut, than any potential rally in the CHF should the SNB leaves policy unchanged. Short CHFJPY and Long USDCHF positions subsequently look attractive – although, as many traders will attest to, trading over news like this needs to be carefully considered and position sizing is of paramount importance. Banxico (22 March at 06:00 AEDT) • Mexican swaps price a 25bp cut at an 80% probability. • 16 of 18 economists see a 25bp rate cut to get the overnight rate to 11% Trader thoughts – With a 25bp cut - that commences a potential cutting cycle, largely priced by rates traders, a surprise outcome to leave rates unchanged could see USDMXN trade through 16.65 and into new cycle lows. Should the market get the expected 25bp cut we could see a move through 16.75, but the extent of the rally will be down to the statement and whether there is a strong appetite to cut again soon. Bank of England (21 March at 23:00 AEDT) • The BoE statement will likely be a low volatility event for the GBP, with the UK swaps market not pricing the first full 25bp cut until August. Look for a 7-1-1 split decision and a patient stance, with the BoE content with current market pricing on rate expectations. Trader thoughts – I hold no real directional bias for the GBP from this meeting, so GBPUSD will likely take its direction from the UK CPI print and moves in the S&P500 and broad risk semantics. That said, the trend in GBPUSD skews risks to the downside, and I favour GBPUSD shorts, with stops above 1.2770. RBA meeting (19 March at 14:30 AEDT) • Aussie interest rate futures prices a zero probability of a cut at this meeting, with a full 25bp cut priced by September. We also see 38bp (or 1.5 25bp cuts) priced by December. • The RBA statement will likely remain largely unchanged, guiding that “it will take some time before inflation is sustainably in the target range”, and “further increase in interest rates cannot be ruled out”. While other central banks actively express a bias for rate cuts, it would be a shock to the market if the RBA opened the door to cuts in this statement. Trader thoughts – the RBA meeting will likely be a low-volatility affair, and AUDUSD is likely to take its direction this week from the FOMC meeting, as well as iron ore, copper, and Chinese equities. A break of 0.6550 may see the early March lows of 0.6477 revisited, although this would be unlikely unless the VIX index trades into 17% and we see broad de-risking through broad markets. Norges (Norway) Bank (21 March at 20:00 AEDT) – the market implies a zero probability of a change in Norwegian interest rates at this meeting, with the first 25bp cut not fully priced until September. I am biased for USDNOK to push towards the top of the range at 10.70. China PBoC 1 & 5-year Prime rate (20 March at 12:15 AEDT) – after a larger-than-expected cut last month to the prime rate (the benchmark rate that households and businesses can borrow from commercial banks), the PBoC are unlikely to cut the prime rate again this time around. A surprise cut would therefore likely see Chinese/HK equities rally. Colombia central bank (23 March at 05:00 AEDT) – the consensus is for rates to be cut by 50bp to 12.25%. Will this forum be the catalyst to see USDCOP break out of the tight trading range the pair has held throughout 2024? Brazil central bank (21 March at 08:30 AEDT) – the overwhelming consensus is that we see the Selic (interest) rate cut by 50bp cut to 10.75%. Other key economic data points of note – China retail sales/industrial production/property sales (18 March), Canada CPI (19 March), UK CPI (20 March), Australia employment report (21 March), EU manufacturing and services PMI (21 March).
NASDAQ:NVDA
by Pepperstone
NAS100 Will Go Down! Sell! Please, check our technical outlook for NAS100. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 18199.94. Taking into consideration the structure & trend analysis, I believe that the market will reach 17820.21 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
FX:NAS100Short
by SignalProvider
1
Nasdaq H4 | Potential bullish breakoutNasdaq (NAS100) is showing a strong bullish momentum and could make a continuation towards our take-profit target. Entry: 18,245.20 Why we like it: There is a strong bullish momentum (wait for 1-hour candle to close above 18,245.20 for breakout confirmation) Stop Loss: 18,043.95 Why we like it: There is a pullback support level Take Profit: 18,760.85 Why we like it: There is a resistance that aligns with the 161.8% Fibonacci extension level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:NAS100Long
by VantageMarkets
5
Nasdaq February Monthly Review – Contin.Refer to the previous post regarding Feb Monthly Analysis for part 1 of this post. So as promised, here is the detailed analysis of each of the Feb month’s entries, marked with number’s on the chart: Trade 1: Entry Point: 17254 Time of entry (GMT): +-8h30 Confirmations: Market Pattern: DB formed on 1H TF with neckline broken. Also on the 31 Jan, price had travelled down more than the distance equal to the height of the day DT that had formed (marked in blue lines). From profit target (end point of the blue vertical line), probability is high that market will move back to retest the neckline of the market pattern. I like being part of a retest that is in the same direction as the overall trend Fib: The Day candle on 31 January had closed with a spike down to the Day 0,50 fib level (fib drawn from swing low at A. to swing high at B.). Day fib levels are strong and a DB forming in the area of the D 0,50 fib level is a strong entry signal Candlesticks: 31 Jan Day candle closed with a longish spike down to the D 0,50 fib + D EMA S&R: Strong dynamic support provided by the D EMA Trend lines: The trend is your friend - taking a buy in a bullish market will always get you the most pips because rallies can often run for longer than you expect (buy the dip) Stop loss: Half the height of the DB i.e.. At 17175,9 Draw Down pips: 754 pips TP points: TP1 = 17963 (fib level -0,27) TP2 = 18348,8 (fib level -0,618) Fib drawn from swing low at A. to swing high at B.) Both TPs hit Close half your position at TP1 and the other half at TP2 Profit in pips: 10’943 Comments: Successful trade --------------------------------------------------------------------------------------------- Trade 2: Entry Point: 17607 Time of entry (GMT): 21h00 Confirmations: Market Pattern: Db formed on the 15min TF, with strong momentum candle breaking the neckline. Fib: DB formed by the Day 0,618 fib level (fib drawn from swing low at C. to swing high at D.) 0,618 fib levels are very strong especially on the D TF Candlesticks: On the 15min TF, there is a long wick hammer candle right by the D 0,618 fib level + strong momentum green candles on the 15min TF to break the neckline of the DB. S&R: DB formed by a strong Day S&R zone + D EMA right by this zone providing dynamic support Trend lines: The trend is your friend - taking a buy in a bullish market will always get you the most pips because rallies can often run for longer than you expect Stop loss: Half the height of the DB i.e. At 17531 Draw Down pips: 137 pips TP points: TP1 = 18293,2 (fib level -0,27) TP2 = 18617 (fib level -0,618) (Fib drawn from swing low at C. to swing high at D.) Plan is to close half your position at TP1 and the other half at TP2 Profit in pips: zero Comments: This trade did not work out - ultimately price came down and took the trade out at entry - Market moved up 3504 pips from entry -------------------------------------------------------------------------------------------- Trade 3: Entry Point: 17364 Time of entry (GMT): 20h30 Confirmations: Market Pattern: A huge DT formed on the D TF with a break of the neckline (neckline and profit target (ie same distance as height of market pattern) marked in orange lines). Price travelled the full distance of the profit target. End of profit target (end of the orange vertical line coincides perfectly with Week 0,382 fib level). Market has a high probability of retesting the neckline of the market pattern after reaching the profit target. I like being part of a retest that is in the same direction as the overall trend. DB formed on the 15min TF at this level with a break of the neckline. Fib: 15min DB formed right at the W 0,382 fib level Candlesticks: None S&R: Strong Day support level + 4H 200 EMA Trend lines: The trend is your friend - taking a buy in a bullish market will always get you the most pips because rallies can often run for longer than you expect Stop loss: Half the height of the DB ie. At 17333 Draw Down pips: zero TP points: TP1 = 18542 (fib level -0,27) TP2 = 19189 (fib level -0,618) Fib drawn from swing low at E. to swing high at D. Plan is to close half your position at TP1 and the other half at TP2 Profit in pips: still in progress Comments: Trade still in progress - market has moved 10'923 pips from entry ----------------------------------------------------------------------------------------------- Trade 4: Entry Point: 17834,6 Time of entry (GMT): 13h30 Confirmations: Market Pattern: DB formed on 30min TF right at the W 0,382 fib level + D 0,382 fib level. Enter at break of the neckline. Fib: Area of confluence because Week and Day 0,382 fib levels coincide Candlesticks: Long wick candle close on 30min TF piercing both the Fib levels but closing above S&R: 4H support level + D EMA providing dynamic support Trend lines: The trend is your friend - taking a buy in a bullish market will always get you the most pips because rallies can often run for longer than you expect Stop loss: Half the height of the DB i.e. At 17825 Draw Down pips: 130 pips TP points: TP1 = 18307,5 (fib level -0,27) TP2 = 18581 (fib level -0,618) Fib drawn from swing low at 3. to swing high at F. Plan is to close half your position at TP1 and the other half at TP2 Profit in pips: TP1 hit + TP2 in progress Comments: Tp1 hit at 4748 pips above entry ----------------------------------------------------------------------------- If you had taken these trades, you would have closed out on 15'691 pips of profit. Always easier to pinpoint entries in hindsight - but the point of this exercise is to understand these entries and understand why you didn’t take them. This will connect the dots in your brain and then in future, you have a higher chance of spotting these high-quality entries and actually taking them. Looking at the chart above, one can clearly see the trending market i.e. the market runs and pulls back…runs and pulls back. So you want to get in on the trend at the pull back (at retracement levels). These are not the only high-quality entries - there were some good sells with the break of the DT necklines (marked in black lines). But these are sells in a bullish market, so your TP's will never run as far as buys in a bullish market. A note about stop losses on Nasdaq – my advice is not to set actual stop losses on MT4 or MT5 for your trades because Nasdaq is so volatile that it can often spike you out. Unfortunately, you need to use mental stops and use judgement with stop losses and see how candles CLOSE, not how candles spike. Once price has moved a significant distance away from your position, you can secure at entry and trade risk free. Screen time with this index will help you get the "feel" of this I learnt from this analysis and hope you did too 😊 All the best for March month trading! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance EMA = Exponential moving average DT = Double Top DB = Double Bottom
PEPPERSTONE:NAS100
by Jinxx84