country flagالعربية
0

NASDAQ Daily Technical Analysis | 9 February 2018

2018-02-09 11:57 am | Resource: Technical Analysis | No Views : 64

 
Time frame Used - four hours
The NASDAQ 100 is moving in a sideway in the near-term
NASDAQ100 CHART
The NASDAQ100  ended Today's session is on the decline as the sell-off managed to control the movement of the index as the index faced resistance and selling pressure around the 6715 level, retreated by selling pressure to reach 6285, trying to consolidate above this level
And looking at the technical indicators
The RSI and Stochastic are indicating signs of recovery
Therefore we expect the index to test 6392 and 6489 levels
The alternative scenario is the further decline of the index to 6200
 Resistance: 6392 - 6489 - 6617
Support: 6285-6200-6036
Direction: sideway
Technical Analysis
Stocks and indices Analysis


Other news

​The Nikkei average rose on Friday

The Nikkei average rose on Friday, boosted by large stocks such as Tokyo Electron and Fast Retailing, but gains were limited as sentiment was touched after US President Donald Trump canceled a summit with North Korea's leader. However, defense-related stocks attracted buying, amid speculation that geopolitical tensions will rise. The Nikkei closed 0.1 percent lower at 22.450.79. For the week, the index lost 2.1 percent, its first weekly drop in…

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 doubts.TradingPekk.com 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.