country flagالعربية

NASDAQ Technical Analysis 11 April 2018

2018-04-11 01:01 am | Resource: Technical Analysis | No Views : 387

Time frame Used - four hours
The NASDAQ 100 is moving in a sideway in the  near-term
the Purchasing power managed to control the movement of the NASDAQ 100 index to break the NASDAQ index of the main descending trend line around the level of 6504 to reach the level of 6640 where the NASDAQ faces selling pressure around this level, but  we note that the NASDAQ100  forming  a bottom higher than the previous bottom indicating the increasing strength of the buyer
In view of the technical indicators
Both the RSI and Stochastic are indicating  to weakness of the  indicators
Accordingly, we expect that  the NASDAQ 100 will  breach level of  6640 to target level of  6887
 The alternative scenario is that the NASDAQ 100 will fall to level of  6488
 Resistance: 6640 - 6709 - 6795
Support: 6488 - 6402-6319
Direction: sideway
Technical Analysis
Stocks and indices Analysis
Bitcoin News

Other news

European stock indexes start mixed as central bank updates

Investors were digesting on Thursday the accompanying signals from the US Federal Reserve, which yesterday cut interest rates, and the subsequent hint from the Bank of Japan that it could boost stimulus next month after a policy review. European stock indexes have only slightly changed ahead of scheduled speeches by Benoit Coeur and Sabine Lottenschleeger from the European Central Bank and last month's UK retail sector statistical report. Central banks…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.