Day trades: S&P 500 and NZD/USD
|SPX 500
Long above 4426.49 to target 4493.12. Levels: 4437.59, 4448.69,4459.79, 4470.89, 4481.99,
Short 4493.12 to target 4470.91. Levels: 4482.02.
Short below 4426.49 to target 4359.86. Levels: 4415.39, 4404.29, 4393.19, 4382.09, 4370.99.
Long 4359.85 to target 4382.07. Levels: 4370.95.
NZD/USD as posted Sunday, 0.6927 big break held as NZD/USD traded to 0.6900 on an RBNZ 50 point OCR raise. The NZD/USD break higher was the result of Sunday's reported 0.6856. For RBNZ, NZD/USD traded 0.6854 to 0.6900 or 46 pips. On a break of 0.6856 as the smart trade, NZD/USD traded 44 points.
NZD/USD day trade
Day trade depends how a day trade is viewed and factored. Until 10:00 am, 0.6781 to 0.6816 are short and long points. A few pips drop from 0.6781 or above 0.6816 is free money given by Mr. Market and happens every day, all day.
For an actual day trade, the range becomes 0.6907 to 0.6784. A few pips above or below if seen is free money given my Mr. Market every day, all day.
Many years ago, we cracked the trading code to currencies and bunches of financial instruments and as a result, posted gazillions of points and pips for readers. My own mouth drops at my superb commentary, respectfully. I'm pretty much through to posts on websites and the social junk that exists today. If something exists to say or write then its on my blog and exclusive to multi-year friends and followers.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.