Source: PaxForex Premium Analytics Portal, Technical Insight
U.S. stock indices did not show a single trend at Friday's trading results. Nasdaq Composite lost 42.32 points (0.36%).
Nasdaq 100, H4
Pivot: 11927.48
Analysis:
Provided that the index is traded above 11180.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 11927.48
- Take Profit 1: 12100.00
- Take Profit 2: 12350.00
Alternative scenario:
In case of breakdown of the level 11180.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 11180.00
- Take Profit 1: 106800.00
- Take Profit 2: 10300.00
Comment:
RSI indicates an uptrend during the day.
Key levels:
Resistance | Support |
12400.00 | 11180.00 |
12350.00 | 10680.00 |
12100.00 | 10300.00 |
Nasdaq 100, D1
Pivot: 11898.57
Analysis:
While the price is above 10300.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 11898.57
- Take Profit 1: 12440.00
- Take Profit 2: 13100.00
Alternative scenario:
If the level 10300.00 is broken-down, follow the recommendations below.
- Time frame: D1
- Recommendation: short position
- Entry point: 10300.00
- Take Profit 1: 9735.00
- Take Profit 2: 9155.00
Comment
RSI is bullish and indicates further increase.
Key levels:
Resistance | Support |
13500.00 | 10300.00 |
13100.00 | 9735.00 |
12440.00 | 9155.00 |