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Nxd

NZDUSD potential to swing highLooking at the H4 chart, my overall bias for NZDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. buy entry at 0.65108, take profit at 0.65758, stop loss at 0.64507. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
Is SPY Ready to Retrace?Several indicators have been showing weakness in SPY's most recent price movement, and it seems that the consensus here on TradingView is that SPY is long overdue for a retracement to test ~$400. Volume has been shrinking day-by-day, and SPY dropped in the afternoon to test support at the 20EMA. Across the major indexes, the market seems ready for a retracement before making new highs. I noticed that NDX printed a bearish engulfing candle today on the daily timeframe. It looks to be a pretty good indication that some of those gap-ups (particularly on the NDX) from the past two weeks can be filled in the near future--which could easily reflect across the other major indexes. My first target zone is the 50EMA ~$406, which also aligns with a .236 retracement from when price bounced at the bottom of the marked channel on March 25. My second target zone is ~$400, at the .5 retracement. This area served as a previous resistance zone, and could provide support for further upward movement. Technical analysis aside, some interesting numbers were also reported this week across the economy: U.S. Budget Deficit : Reported on Monday to have surged by $1.7 trillion dollars during the first half of the fiscal year. For March alone, the budget deficit totaled ~$660 Billion. Inflation Numbers : CPI is up 2.6% from this time last year. Higher Treasury Yields : 10 Year Treasury Note Yields sold at auction on Monday for 1.68% Supply Shortages : Particularly reported in the auto industry, semiconductor shortages are causing a massive delay in production. Analysts predict that this shortage could cost the auto industry up to $61 billion if the shortage continues. Coronavirus Cases on the Rise : Positive case counts are rising (+8% last week). CDC director Walensky insisted that Michigan should shut down again. Unemployment Numbers : Jobless statistics are officially being reported tomorrow (4/15).
AMEX:SPYShort
by jhiggins5
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