A1 Trading

Trade Ideas for EU, BTC, SPX500

April 23, 2021
Frank Cabibi

Bitcoin Tumbles, Stocks Recover, EU Hits Resistance

EUR/USD Analysis 
News for the euro came out today with a surprise report as French PMI beats expectations while German PMI misses. Price is currently a bit shaky as it's stuck under resistance in the 1.20600s on the 4H chart. Price can find support on a month long rising trend line if it cannot break above resistance on this third test.
SPX500 Analysis 
SPX500 on the 4H chart managed to recover most of its losses after a recent sell off. Biden's new policy for upping the taxes on capital gains was a concern short lived. Now SPX has made new support around $4125 as it pushes toward new highs.
BTC/USD Analysis 
Bitcoin kind of in a free fall after US government talks about cracking down on crypto in the attempt to regulate it more. On the daily chart, price broke under a rising trend line and is currently hovering in the $40Ks. Picking a key support zone looks hard right now, but a good sign for bulls would be if crypto can shake off this news like the stock market and close today's candle with a long wick rejecting the lows.

The EdgeFinder

All-in-one Fundamental Dashboard

30 Days Access

Free Telegram

Join for daily analysis and trade setups!

Join Telegram

DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
Signals

A1 Trading Company

A1 Trading is a leading financial analysis and trading education company dedicated to empowering traders of all levels. Our team combines extensive market knowledge with cutting-edge technology to provide valuable insights and tools for traders worldwide.
2024 All Rights Reserved | A1 Trading Company
There is a significant degree of risk involved in trading securities. With respect to foreign exchange trading, there is considerable risk exposure, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.
homesmartphonelaptop-phonecross-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram