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June 3, 2021

Trade Ideas for NZDUSD, GOLD, SPX500

Frank Cabibi

Trade Setups After USD Jobs Data
6/3/2021

NZD/USD Analysis 
NU down 0.71% on the day after US dollar news came out bullish with unemployment claims and NFP employment change. The pair has formed a slight downtrend and crossed underneath its 200 SMA on the 4H timeframe. Big support lies around 0.71611.
Gold Analysis 
The USD Non-Farm Employment numbers showed a big boost in the private sector (good for US economy) and sparked a sell-off in gold. Price broke support and could be headed for additional support around $1855. A head and shoulders pattern formed on the 4H timeframe suggesting a bearish movement for the time being.
SPX500 Analysis 
SPX500 opened this morning in the green after good jobs data. Yesterday's sell-off took price to support on the 4H chart where there is its 200 SMA coupled with a support level around $4184.

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