country flagالعربية
0

NASDAQ Technical Analysis 16 April 2018

2018-04-15 10:00 pm | Resource: Technical Analysis | No Views : 160

Time frame Used - four hours
The NASDAQ 100 is moving in a sideway in the  near-term
NASDAQ100 CHART
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

European shares opened lower after the first session of the quantitative easing program

Stocks in Europe opened lower on the ECB's decision, uncertainty about Britain's break-out as European markets were in the red zone after the opening bell on Friday as traders digested the announcement from the ECB that it would end its asset purchase program. In the UK, Prime Minister Teresa Mae has failed to secure guarantees on Northern Ireland support, as European Commission President Jean-Claude Juncker expressed doubt about any deal…

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.