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USNAS100 Technical Outlook: Key Levels and Trend ConfirmationUSNAS100 Technical Analysis The price is expected to correct toward the pivot line at 21215. As long as it trades above this level, the bullish trend is likely to continue toward 21635. However, if a 1-hour or 4-hour candle closes below 21215, the price is likely to decline further toward 21115 and 20990. Key Levels: Pivot Point: 21380 Resistance Levels: 21530, 21630, 21760 Support Levels: 21215, 21115, 20990 Trend Outlook: Bearish correction expected down to 21215 Next bearish confirmation below 21215 Bullish continuation above 21380 previous idea:
OANDA:NAS100USDShort
by SroshMayi
NQ LongEntry Point: Price is reaching the 0.618 Fibonacci retracement level, with the potential to buy near 20,865.75. Stop Loss: Set just below the 0.79 Fibonacci level, around 20,690.00. Take Profit: Targeting a move towards the 0.0 Fibonacci extension around 21,371.25 (blue rectangle area). Analysis: The market has experienced a retracement, reaching the 0.618 Fibonacci level. This could act as a support zone for a possible upward move. The price action suggests a strong potential for a rebound as it aligns with a previous high. This trade setup offers a favorable risk-to-reward ratio, with the potential for significant upside towards the 0.0 Fibonacci extension.
CME_MINI:NQ1!Long
by SerenityEquity
NAS100/USTEC - 4hr| Descending TriangleSimple Trading: Descending Triangle Nas100 has been trailing down for the past week. if the price breaks below 20,700, then the bullish momentum may be loss. Expect Nas100 to continue to bounce from one end of the triangle to the other end. Once the Triangle is broken, we can reveal the exact target area. Keep in mind that the last 4hr candle has closed below the previous candle low. Price could be preparing for a pullback before continuing to make a lower low. This will either be a break and retest with continued bearish pressure or a complete fakeout.
FX:NAS100
by nikdobii
Market Forecast for Gold into $3,000Gold's consolidation phase within a rising wedge pattern illustrated market uncertainty ahead of the U.S. presidential election and broader economic factors. The price action indicated a retracement towards key support levels at 2,470 and 2,367 USD, aligning with typical market cycles that precede significant rebounds. This phase suggested a corrective pullback within the broader uptrend, a natural part of the market cycle where consolidation and profit-taking occurred before the next rally. The pullback towards the 2,367 USD level acted as a springboard for a renewed uptrend. Seasonal trends and unforeseen geopolitical events increased gold’s safe-haven appeal, contributing to price acceleration towards the long-term target to 3,000 USD. With the U.S. presidential election on the horizon, unclear economic policies from potential candidates contributed to market hesitation. This uncertainty often drove investors toward safe-haven assets like gold. Central banks' responses, particularly from the Federal Reserve, Bank of Japan and the European Central Bank, were critical. Interest rate adjustments, inflation controls, and currency interventions all played a role in shaping gold's trajectory. When central banks signaled that inflation was persisting, it accelerated gold’s ascent. Conversely, when inflation moderated and interest rates rose significantly, it created temporary pressure on gold prices. The retracement towards 2,470 and 2,367 USD levels offered a strategic entry point for investors looking to position themselves. Those who took that trade made money, and I thank you for believing in this chart.
OANDA:XAUUSD
by johnconner966
Nasdaq Awaits CPI Report with Potential for Volatility &BreakoutNasdaq Technical Analysis U.S. futures remain steady ahead of the highly anticipated CPI report, which is expected to significantly impact market direction. Projections suggest the CPI will come in around 2.5%, signaling a weaker USD and likely driving indices into a strong bullish trend. However, if the CPI exceeds 2.7% or 2.8%, market movements may become unpredictable, with the potential for a downward shift. The Nasdaq is expected to consolidate between 18,630 and 18,930 until a breakout occurs, with heightened volatility likely around the release of the inflation data. If the CPI results are lower than expected, the price could surge toward 19,220, with the possibility of reaching 19,625, particularly if the price stabilizes above 18,220. On the other hand, a higher-than-expected CPI result (around 2.8%) may create volatility and support a decline toward 18,340. Key Levels: Pivot Point: 18800 Resistance Levels: 18930, 19220, 19625 Support Levels: 18630, 18340, 17890 Expected Trading Range: 18340 - 19220 Trend: Bullish Movement with High Volatile of CPI
OANDA:NAS100USDLong
by SroshMayi
NASDAQ - US100 Facing Bearish PressureThe CAPITALCOM:US100 index is currently facing significant downward pressure, largely due to mounting concerns about the U.S. economy. The potential for a recession is growing as recent data points to an increase in unemployment claims, and the Federal Reserve has decided to delay interest rate cuts. This has created uncertainty in the markets, as higher unemployment could lead to reduced consumer spending, further exacerbating the economic slowdown. The anticipation of prolonged higher interest rates is also weighing on investor sentiment, making the stock market, particularly tech-heavy indexes like NASDAQ, more vulnerable to declines. Technically, the BLACKBULL:NAS100 index has been following a clear pattern of reactions to its trendlines. The index recently fell and touched the third trendline support, which has historically been a critical level for determining market direction. After this touch, the index attempted a recovery, moving back towards the second trendline, which now acts as a breakeven point. However, the failure to break through this level and the subsequent rejection suggests that the bears are firmly in control. The pattern indicates that the index may face further declines, particularly if it breaches the third trendline support. In conclusion, both fundamental and technical factors are pointing towards a bearish outlook for the NASDAQ index. The rising possibility of a recession, driven by increasing unemployment claims and the Fed’s cautious approach to rate cuts, has dampened investor sentiment. On the technical side, the index’s inability to reclaim key trendline supports indicates that more downside is likely. As a result, investors should be cautious and prepared for potential further declines in the NASDAQ index in the coming weeks.
CAPITALCOM:US100Short
by Sober_Trading
USNAS100 (Still Bearish Volume)Technical Analysis: Price Bearish in Focus Today's Outlook: The price will try to touch 19625 and 19525 from the resistance line which is 19835 Bearish Scenario: As long as the price trades below 19835, the bearish trend is likely to persist, with targets at 19625 and under that will be 19525, supported by strong bearish volume. Closing 4h candle under 19525 will start a strong Bearsih area. Bullish Scenario: Reversing to stabilize above 19840 means will push up to get 19960 and closing the 4h candle above 20095 means will start a new bullish trend Key Levels: - Pivot Line: 19835 - Resistance Levels: 19960, 20090, 20150 - Support Levels: 19630, 19525, 19230 Today's Expected Range: The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.
OANDA:NAS100USDShort
by SroshMayi
NAS100 Weekly Analysis/Navigating Key Pivot and Resistance LevelTechnical Weekly Analysis: US NASDAQ 100 (NAS100) A Short Outlook on the Previous Movement: The US NASDAQ 100 (NAS100) has been trading within a primary ascending channel since the significant drop during the COVID-19 period. The index experienced a strong bullish trend, reaching new highs before facing periodic pullbacks. These pullbacks have been opportunities for the price to gather momentum for further upward movement. Current Outlook: The current price of NAS100 is around 19,754.9, positioned near the pivot line at 19,103.5. The index is testing a resistance line near 20,537.0, and the market is awaiting a decisive move. The recent movement suggests potential consolidation before a breakout. Bullish Scenario: Key Trigger: Daily closing above 19,525.0 and sustained move above the resistance line at 20,537.0. Targets: The immediate target would be 20,537.0, with potential further movement towards 21,000.0. Confirmation: A break above 20,537.0, supported by strong buying volume, would confirm the bullish continuation towards 21,000.0. Bearish Scenario: Key Trigger: Daily closing under 19,525.0 and sustained move below 19,103.5. Targets: If bearish momentum continues, the price could drop towards the support line at 17,898.9, further down to 16,548.0. Confirmation: A decline below 19,103.5 and 19,525.0, along with increased selling pressure, would confirm the bearish outlook. Key Levels: Pivot Line: 19,103.5 Resistance Levels: 20,537.0, 21,000.0 Support Levels: 19,103.5 (Pivot Line), 17,898.9, 16,548.0, 15,766.2 Expecting Weekly Range Movement: - The anticipated weekly range is between the support at 17,898.9 and the resistance at 20,537.0. A breakout in either direction would define the next significant move. Preferred Direction: - Given the strong historical bullish trend and the current positioning near the resistance line, the preferred direction leans towards bullish if the price can break and sustain above 20,537.0. However, caution is advised as the market could still face significant resistance and potential pullbacks. Summary: The NAS100 is currently at a critical juncture. A breakout above 20,537.0 would confirm a bullish continuation towards 21,000.0, while a failure to break this level and a decline below 19,103.5 would signal a bearish move towards 17,898.9 and potentially 16,548.0. Traders should closely monitor the price action around these key levels to determine the next major trend. PREVIOUS WEEKLY IDEA:
OANDA:NAS100USD
by SroshMayi
US30 - 15m Buy scalpThe Dow Jones Industrial Average (US30) is currently on an upward trajectory, showing strong bullish momentum on the 15-minute chart. As it continues to rise, it is approaching a key resistance zone that has previously served as a turning point. Traders should watch this level closely, as the price may test and react to this resistance, potentially leading to a breakout or a consolidation phase. This anticipated rise towards the resistance zone signals a pivotal moment for US30's short-term direction, providing opportunities for strategic entries and exits based on price action around this area.
BLACKBULL:US30Long
by Sober_Trading
Nasdaq Eyes New Highs Amid Bullish MomentumTechnical Analysis: USNAS100 The price has reached the resistance line at 19,100, indicating a sustained bullish trend. If the price stabilizes above 19,100, it is expected to continue its bullish movement towards 19,440. However, a retest down to 18,940 is likely before the bullish trend resumes. A break below 18,930 on a 4-hour candle close would signal a bearish shift towards 18,820, leading to consolidation between 19,100 and 18,940. Bullish Scenario: For the bullish trend to persist, the price needs to break above 19,100, with potential targets at 19,250 and 19,450. As long as the price trades above 18,930, the bullish trend remains intact. Bearish Scenario: Stabilization below 18,930 would indicate a move towards 18,820. A further break below 18,820, confirmed by a 1-hour candle close, would signal a downtrend towards 18,600. Key Levels: - Pivot Line: 19,100 - Resistance Levels: 19200, 19300, 19450 - Support Levels: 18940, 18820, 18710 Today's Expected Range: The price is expected to move between the support at 18,820 and the resistance at 19,450.
OANDA:NAS100USDLong
by SroshMayi
(USNAS100) Nvidia Hits $3 Trillion, Valuation Concerns PersistTechnical Analysis The price has risen approximately 1.90%, reaching the final resistance level mentioned in our previous analysis, around 600 points. To achieve another all-time high, the price must break through 19,100 and stabilize above this level to continue the bullish trend towards 19,450. Otherwise, the price will fluctuate between 19,100 and 18,940 until a decisive break occurs. Bullish Scenario: For the bullish trend to continue, the price needs to break above 19,100, with potential targets of 19,250 and 19,450. Bearish Scenario: Stabilization below 19,100 would indicate a move towards 18,940. A further break below 18,940, confirmed by closing at least a 1-hour candle, would signal a downtrend towards 18,800. Pivot Line: 19100 Resistance Levels: 19200, 19300, 19450 Support Levels: 18940, 18820, 18710 Today's range is expected to be between the support at 18930 and the resistance at 19450. Previous idea: Nvidia Reaches $3 Trillion Market Cap, But Valuation Concerns Persist Nvidia Corp., a favorite on Wall Street, achieved a significant milestone on Wednesday, surpassing a $3 trillion market capitalization for the first time and briefly exceeding Apple's valuation. However, the stock's high price has reignited debates about its true value. What Happened: Aswath Damodaran, a professor at New York University Stern School of Business and known as Wall Street’s "Dean of Valuation," believes that Nvidia’s intrinsic value does not justify its current price tag.
OANDA:NAS100USD
by SroshMayi
USNAS100 (More Bullish or Yet...)Technical Analysis The price is expected to continue its bullish trend toward 18,735, having already stabilized in the bullish zone. The movement range will likely be between 18,550 and 18,820 until a breakout occurs. Bullish Scenario: As long as the price remains above 18,600, it is likely to reach 18,735 and potentially 18,820. Bearish Scenario: A stabilization below 18,550 would suggest a bearish trend, targeting 18,435 and 18,240. Pivot Line: 18600 Resistance Levels: 18735, 18820, 18940 Support Levels: 18550, 18435, 18250 Today's range is expected to be between the support at 18230 and the resistance at 18820.
OANDA:NAS100USDLong
by SroshMayi