country flagالعربية

NASDAQ Technical Analysis 13 March 2018

2018-03-13 12:58 am | Resource: Technical Analysis | No Views : 22

Time frame Used - four hours
The NASDAQ 100 is moving in a bullish direction in the near term

The Purchasing power managed to control the movement of the NASDAQ 100 index to break the NASDAQ index level of weekly resistance to reach the level of 7154
And looking at the technical indicators
The RSI and the Stochastic are indicating  to the arrival of the indicators into the overbought area and the start of the decline below
Accordingly, we expect that  the NASDAQ 100 will  test level of  7000 and then resume its rise again to target level of 7274
The alternative scenario is that the NASDAQ 100 drop down to level of  6938
  Resistance: 7154 - 7274 - 7483
Support: 7036 - 6938 - 6800
Direction: Up
Technical Analysis
Stocks and indices Analysis

Other news

​Japans Nikkei average fell on Friday in volatile trading

Japan's Nikkei average fell on Friday in volatile trading as concerns over US political uncertainty led investors to lower risk appetite, although the index managed to make weekly gains. The Nikkei ended 0.6 percent lower at 21,676.51 after briefly trading in the positive territory early in trading. For the week, the benchmark index rose 1.0 percent. The dollar fell 0.4 percent at 105.940 against the yen, following a report 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 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.