country flagالعربية

NASDAQ Technical Analysis 9 March 2018

2018-03-09 12:55 am | Resource: Technical Analysis | No Views : 203

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 bounce the NASDAQ index to the level of 6938, trying to break this level to upside
And looking at the technical indicators
The RSI and the Stochastic are indicating to the continued positive performance of the indicators
Accordingly, we expect the NASDAQ100 index to test at 7000 level
The alternative scenario is to break the NASDAQ 100 index below 6799 level to drop to the level of 6642
  Resistance: 6938 - 7008 - 7041
Support: 6799 - 6735 - 6642
Direction: sideway
Technical Analysis
Stocks and indices Analysis

Other news

Nasdaq is at its highest level in almost 6 months

  Nasdaq 100 has reached an invisible level since the beginning of October 2018 during early Wall Street trading on Thursday, with the largest technology companies rising shortly after the opening bell. Initial US jobless claims fell by 9,000 to 221,000  US Jobless Claims for the week ended March 16th fell by 9,000 from a revised figure of 221,000 last week, the US Department of Labor said on Thursday. The…

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.