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NASDAQ 100 CFD

Nasdaq to find support at previous highs?NASDAQ - 24h expiry - We look to Buy at 12829 (stop at 12694) A Fibonacci confluence area is located at 13360. Continued downward momentum from 13238 resulted in the pair posting net daily losses yesterday. The move lower is mixed and volatile, common in corrective sequences. Bespoke support is located at 12829. Preferred trade is to buy on dips. Our profit targets will be 13159 and 13249 Resistance: 13238 / 13360 / 13734 Support: 12829 / 12649 / 12483 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:NAS100USDLong
by OANDA
20 Reasons for Buy NASDAQ🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ ✨ Eagle eye: A long-term analysis of the Nasdaq from 2003 to 2021 shows that the market has achieved back-to-back higher high closings, followed by a one-third correction. This suggests the possibility of another bull run. 📆 Monthly: The market underwent a deep correction of 61% and is expected to close strongly in March with a big bullish momentum candle. 📅 Weekly: The internal bull structure is currently strong, and the 13764 area is an important price level to watch. If the price reaches this level, it could signal a significant announcement. Therefore, I am bullish on the Nasdaq and recommend monitoring this level closely. 🕛 Daily: The Nasdaq is currently extremely bullish. 😇 7 Dimension Analysis 🟢 Analysis Time Frame: Daily 1 Price Structure: The price structure of the Nasdaq is currently bullish. 2 Pattern Candle Chart: A flag continuation pattern is forming, with back-to-back momentum candles. 3 Volume: The volume is currently decreasing, indicating a correction is expected. 4 Momentum UNCONVENTIONAL Rsi: The Nasdaq's unconventional RSI is in a super bullish zone, above 60. 5 Volatility measure Bollinger bands: The Bollinger bands are touching the upper band, indicating full bullish volatility. 6 Strength ADX: The Nasdaq's ADX shows that the bull trend has just gained strength. 7 Sentiment ROC: The rate of change for the Nasdaq is the strongest compared to other indices. ✔️ Entry Time Frame: 4-Hour Entry Time Frame Structure: The 4-hour chart indicates a bullish structure. Entry Move: As per the analysis, a correction is expected, so it is better to wait until the price reaches our desired levels before entering the market. Support Resistance Base: The mid-level of the move supports. FIB: We will use the trend line breakout for entry. ☑️ Final Comments: It is advisable to buy when the correction is complete. 💡Decision: Buy 🚀Entry: 12713 ✋Stop Loss: 12493 🎯Take Profit: 13600 😊Risk-to-Reward Ratio: 1:4.26 🕛 Expected Duration:
OANDA:NAS100USDLong
by Optimum369
NQ1! NAS100 NASDAQ 2023 APR 03 WEEK NQ1! NAS100 NASDAQ 2023 APR 03 WEEK Both Scenario1 short from 12950 and Scenario2 retracement long both worked well. Market likely to test 13740. Possible scenarios: 1) Market test 13740 = long on retracement // support at 12950 Volume Analysis: Weekly = Ave vol up bar closed toward high = non-trend changing demand Daily: Ave vol up bar close toward high = non-trend changing demand Price reaction levels: Short on Test and Reject | Long on Test and Accept 14361 13740 12950-12678 10710 - 11068 Remember to Like and Follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677
Nasdaq to see a higher correction?NASDAQ - 24h expiry - We look to Buy at 12677 (stop at 12577) Traded to the highest level in 30 weeks. There is no clear indication that the upward move is coming to an end. An overnight negative theme in Equities has led to a lower open this morning. Bespoke support is located at 12677. 12682 has been pivotal. Our profit targets will be 12927 and 12977 Resistance: 13025 / 13200 / 13350 Support: 12677 / 12655 / 12513 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:NAS100USDLong
by OANDA
Is another bad earnings season upon us? In early February 2023, we outlined how earnings recession was becoming more apparent in the tech sector, with a myriad of companies reporting massive declines in net profit on a yearly basis for 2022. Now, with the upcoming earnings season for the first quarter of 2023, we do not expect the corporate figures to get any better. In fact, we anticipate further declines in corporate profits, more outlook downgrades, and higher operating costs for many tech companies. As a result, we think this season will bring more uncertainty into the market and fortify the notion of unraveling recession in the U.S. economy. As for the short-term, we are unsure how much higher QQQ can go. Therefore we will pay close attention to the price action and volume. At the same time, we will observe QQQ’s ability to hold above the immediate support at $313.68. It will be bullish if it manages to stay above this level. However, a breakdown below it may indicate a reversal on the horizon; in such case, we will observe Support 1 at $310.08 and its ability to stop a price decline. Regarding the upside, we will watch Resistance 1 and Resistance 2 at $321.51 and $334.42. Beyond these short-term and medium-term fluctuations, our outlook remains unchanged. With worsening data in the U.S. economy, we expect something to snap down the road, causing QQQ to revisit its 2022 lows. Our assessment comes from the fact that the market is currently pricing in multiple rate cuts by the end of 2023. However, we do not think the FED will be able to deliver them with persistently high inflation; as a matter of fact, even Jerome Powell dismissed any plans for rate cuts in 2023 during his last FOMC press conference. Moreover, as if it was not enough, the median forecast for the FED funds rate is still above the current rate, suggesting that interest rates should be higher than they are right now. Similarly worrying is FED’s unemployment forecast, which implies a recession since, historically, each 1% increase in unemployment was accompanied by one. Illustration 1.01 The picture above shows the daily chart of QQQ. Red and green arrows depict the relationship between the price and volume. While the recent drop in volume might suggest a decline in selling pressure (after the selloff between February and March 2023), it can also indicate the evaporation of buyers near the current price levels. In general, declining volume and the rising price is questionable development. Therefore, we will keep an eye on this in the following days to get more clues about the whole picture. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Slightly bullish (weak trend) *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:QQQ
by Tradersweekly
6
NASDAQ broke below the 4H MA50. Pull-back possible.Nasdaq (NDX) broke and closed a 4H candle below the 4H MA50 (blue trend-line) for the first time in 2 weeks. With the 4H RSI not having touched its Higher Lows trend-line yet, this is an indication that the index might pull-back some more towards the 4H MA200 (orange trend-line) - 1D MA50 (red trend-line) Support Cluster (even as low as the Symmetrical Support), before finding the new demand zone for buyers. We are buying this pull-back and target the bottom of Resistance Zone 1 at 12895. The Higher High extension though can be much greater, even as high as 13,200 on the long-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
1
NASDAQ rally to stall at current highs?NASDAQ - 24h expiry - We look to Sell at 12920 (stop at 13090) Posted Mixed Daily results for the last 4 days. The 161.8% Fibonacci extension is located at 12304 from 12972 to 12559. Bespoke support is located at 12277. Selling spikes offers good risk/reward. The bias remains mildly bearish but there is scope for a move in either direction at the open. Our profit targets will be 12510 and 12440 Resistance: 12920 / 12972 / 13360 Support: 12559 / 12305 / 12280 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:NAS100USDShort
by OANDA
NQ1! NAS100 NASDAQ 2023 Mar 27 WEEK NQ1! NAS100 NASDAQ 2023 Mar 27 WEEK Nothing eventful last week at price was testing 12950. No trades for indices last week as opportunity didn't happen during my waking hours. Also the messiness on M30 & lower TF. Concern: Despite greater effort, progress from H to H1 was only marginally higher, and price closed below 12950. Possible scenarios: 1) Market test 13740 = long on retracement // acceptance at 12950 2) False break of 12950 = short on rejection of 12950 Volume Analysis: Weekly = Narrowing spread Ave vol up bar close off high = non-trend changing minor weakness Daily: No Demand up bar = non-trend changing weakness Price reaction levels: Short on Test and Reject | Long on Test and Accept 14361 13740 12950-12678 11921 11068-10710 Remember to Like and Follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677
US deposits safe? Don’t bank on it Nasdaq bullsSentiment on Wall Street took a turn for the worse by yesterday's close. Janet Yellen conceded that she has not considered a "blanket insurance" for US banking deposits, and Jerome Powell pushed back on any hopes of rate cuts from the Fed this year. The Nasdaq 100 came close to reaching out 13k target before momentum reversed sharply lower, closing the day with a bearish outside / engulfing candle. It also saw a false break of the prior cycle high and clos back beneath the upper bollinger band, with a bearish divergence on the RSI (2). - The bias is for prices to mean revert towards 12,230 / 20-day MA, with 12k and the March lows also contenders for bearish targets. - The bias remains bearish below 13k, but yesterday's high can also be used is a tighter approach to risk management is required.
NASDAQ:NDXShort
by CityIndex
NQ1! NAS100 NASDAQ 2023 Mar 20 WEEK NQ1! NAS100 NASDAQ 2023 Mar 20 WEEK The daily Ultra Lo Volume down bar and support at 11930 provided good meat for week of 13 March. Market finally broke through 12418 and is near supply zone 12810-12950. Let's see how price reacts to this level. Possible scenarios: 1) Possible formation of rotation 12950-11930 = trade at boundary of zone 2) Long on retracement 3) False break of 12950 for short Volume Analysis: Weekly = High vol up bar close off high = minor weakness Daily: Ave volume S>D bar into an area of previous resistance Price reaction levels: Short on Test and Reject | Long on Test and Accept 14361 13587 12950 12950 11930 Remember to Like and Follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677