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:

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: