country flagالعربية

NASDAQ Technical Analysis 16 April 2018

2018-04-15 10:00 pm | Resource: Technical Analysis | No Views : 340

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 level of 6640 to reach the resistance level 6709 where the index faces resistance and selling pressure around this level to retreat to the level of support 6640 forming a  positive candlesticks  pattern
In view of the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
Accordingly, we expect that  the NASDAQ 100 will  breach level of  6709 again to target level of  6887
 The alternative scenario is that the NASDAQ 100 will fall back  to level of  6488
 Resistance: 6709 - 6795 - 6878
Support: 6640 - 6488 - 6402
Direction: sideway
Technical Analysis
Stocks and indices Analysis
Bitcoin News

Other news

US stocks open higher on Friday as trade concerns eased

US stock markets began the last trading session of the week slightly higher after the media reported that Washington is ready to grant temporary tariff exemptions to 437 Chinese products. At the same time, another report claimed that the United States would not remove import tariffs on auto parts made in Japan as part of the expected trade agreement. In business news, Apple launched. The new iPhone 11 series worldwide.…

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.