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NASDAQ 100 CFD

NAS100 Analysis The price is currently ranging. Yesterday we had a break of the 13142 a key resistance area. The price didn't stay above that long before come back down. Today we may see the price either come touch the trend line (drawn with a box on chart) before continuing to go up or the price may break the trend line, come down to 13000-12910 before continuing to go up. The levels for the bulls remains the same see yesterday charts. If the price breaks 12910 there can be chance of prices coming down. If we look at 4hr t/f we can see 13300 is actually a very strong area of resistance as well, in the last few weeks we can see price has come to this area many times and it failed to break through pushing the price down quite a bit. 50% off this week on the NASDAQ Course. Limited time. Get in touch now
OANDA:NAS100USDLong
by Tradeofgrey
1
NAS100 Analysis Hi Guys, Let's have a quick look at what has been happening on the weekly. As we are very excited to see a bullish rally we must not miss a key area. On the weekly we have approached a strong key resistance level where price has come previously and could go further. For our bulls to have a continuation we will have to see what happens at this level 13141. As for todays outlook, the price may reject 13141, come down to retest the trend before going back to 13141 and continueing to the next resistance area 13500- 13577. However if the price breaks to the downside then we may see price come back retest the trend and continue to 12771. Trade safe, Nasdaq is one of the hardest things to trade and it is not for the light hearted. Nasdaq you can make serious money but do not trade if you dont know how to trade nasdaq. 50% off this week on the NASDAQ Course. Limited time. Get in touch now
OANDA:NAS100USD
by Tradeofgrey
NASDAQ 100 Analysis Nasdaq broke the falling structure last week towards the upsides, we saw the price come back down to retest the previous structure and then went back up. We have come to a very strong resistance area 13079, which really needs a break for the market to continue. For the bulls a break of 13079, nasdaq will continue to 13320-13885. However if market does fail to continue going up we can see price come back to the strong support area of 12767. A break of this level will get the bears back and we can see price coming down to 12500-12241 50% off this week on the NASDAQ Course. Limited time. Get in touch now.
OANDA:NAS100USDLong
by Tradeofgrey