Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Mixed trades dominated the movements of the Nasdaq index during the previous trading session, only to be satisfied with recording the first target of 15360, recording its highest level of 15385, only to return to falling again, explaining that sneaking below 15230 puts the index price under negative pressure to retest 15160, recording its lowest level of 15140.
Technically, we are leaning toward the negative, with negative signs appearing on the Stochastic indicator, in addition to the stability of intraday trading below the resistance level of 15255.
Therefore, we may witness a bearish tendency during today’s trading session, provided that the price holds below 15140. This will facilitate the task required to visit 15090 as the first target, and then 14990, as long as trading remains stable below 15255.
We remind you that the consolidation of the index price again above 15255 leads the index to recovery attempts, the goals of which begin at 153335.
Warning: Today we are awaiting high-impact press talks, “a speech by Christina Lagarde, Governor of the European Central Bank,” and from the United Kingdom we are awaiting the monthly GDP index, and we are awaiting from the American economy the “preliminary reading of the consumer confidence index” issued by the University of Michigan, and we may witness high fluctuation in Prices at the time of news release.
Warning: The level of risk is high amid continuing geopolitical tensions, and we may witness high price volatility.
Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.
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