Skip to main content

Posts

Showing posts with the label Nasdaq hangs near highs but remains below 50% of recent trading range and 200 hour MA

Nasdaq hangs near highs but remains below 50% of recent trading range and 200 hour MA

Nasdaq hangs near highs but remains below 50% of recent trading range and 200 hour MA NASDAQ index moved up toward resistance target The NASDAQ index is trading up around 232 points or 1.75% at 13565. The high price reached 13608.25. The low price was down to 13281.22. Looking at the hourly chart, the most recent cycle low was on March 15 at 12555.35. The price moved up 14634.22 on March 29. Since then, the price has rotated to the downside with the pair reaching a low at 13225.29 during trading yesterday. The move to the upside today has seen the price move up to retest its 50% midpoint of the range since the March 15 low. That level comes in at 13594.78. If the price can get above that level traders will then look toward the swing lows/highs near 13689.23 followed by the now rising 200 hour moving average at 13744.23. Getting above the 50% retracement, the swing level at 13689.23 (see red numbered circles) and the 200 hour moving average are the steps needed to give the bias more of


 

FOREX IN WORLD provide forex signals, MT4 and MT5 indicators, Strategies and Expert Advisors Bots. Our professional traders team years of experience in the financial markets. We scan the markets 24/7 every single day. We decided to build our company to help retail forex traders profit consistently every month using our expertise.

For any queries. Email us: forexinworld@gmail.com

Risk Warning: We always suggest our clients to carefully consider their investment objectives, level of experience, and risk appetite. try to money management with every trade.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Takes no responsibility for loss incurred as a result of our trading signals. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.