Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Nasdaq index was able to achieve good gains during the previous trading session within the expected bullish context, touching the first target of the last report at the price of 15335, recording the highest at 15343.
On the technical side today, we tend to be positive in our trading, relying on the positive motivation coming from the simple moving averages in addition to the positive 14-day momentum indicator signals.
From here, with daily trading remaining above 15230, there may be a possibility to resume the upward path, but on the condition that we witness the price consolidation above 15335, which extends the index’s gains, as we wait to touch 15360, the first target, and then 15410.
We remind you that sneaking below 15230 puts the index price under negative pressure to retest 15160 and then 15100.
Warning: Today we are awaiting high-impact press talks, “Federal Reserve Governor Jerome Powell’s talk” and “European Central Bank Governor Christina Lagarde’s talk, and we may witness high price fluctuations.”
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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