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10.10.202407:14 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday October 10, 2024.

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.

Exchange Rates 10.10.2024 analysis

With the appearance of hidden deviations between the Nasdaq 100 index price movement and the Stochastic Oscillator indicator on its 4-hour chart, it gives an indication that in the near future this index will get a strengthening momentum, especially confirmed by the price movement moving above its EMA 50 which also coincidentally has a slope that dives upwards so that based on these facts in the near future #NDX has the potential to strengthen upwards where the level of 2045.9 will try to be broken, if successful, then #NDX has the potential to continue its strengthening to the level of 20712.7, but if during its strengthening journey #NDX suddenly experiences a significant weakening correction, especially if it breaks and closes below the level of 19793.1, then all strengthening scenarios that have been described previously become invalid and automatically canceled by themselves.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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