country flagالعربية

NASDAQ Technical Analysis 19 September 2018

2018-09-18 11:25 pm | Resource: Technical Analysis | No Views : 134

Time frame Used - four hours
The NASDAQ 100 is moving in a sideway direction in the near term
The bears were able to control the movement of the NASDAQ 100 index to drop back to the support level of  7402 again and then start to rebound higher to reach nearly the resistance level of  7538 where it faces some selling pressure around this level
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 the 7538 level to test the 7595 - 7614 levels
The alternative scenario is that the NASDAQ 100 dropped to level of  7402 again
  Resistance: 7538 - 7614 - 7700
Support: 7402 - 7344 - 7308
Direction: sideway
Technical Analysis
Stocks and indices Analysis
Bitcoin News

Other news

The opening of European shares and focus on central banks

European shares fell in early trade on Tuesday as investors awaited a speech from ECB President Mario Draghi later in the day, as well as tomorrow's Fed rate decision. Elsewhere, inflation figures and the trade balance from the euro zone are due to be announced during the session, while the first debate is held in the UK Conservative Party leadership contest in the evening. Changes in the UK exit package…

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.