31.10.202406:08 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday October 31, 2024.

Relevance up to 21:00 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

With the successful of the Nasdaq 100 index breaking through its Uptrendline and also confirmed by the appearance of deviations between price movements and the MACD Histogram indicator (osMA 12,26,9) and its price movement which is below the WMA (21) which also has a downward slope on its 4-hour chart, then in the near future #NDX has the potential to weaken down where the level of 19991.1 will be tested in the near future if it is successfully broken and closes below it, then #NDX has the potential to continue its weakening back to the level, but if on its way to the target levels, #NDX suddenly turns around and strengthens until it breaks and closes above the level of 20635.3, then all the weakening scenarios that have been described previously will become invalid and automatically canceled itself.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.