Source: PaxForex Premium Analytics Portal, Technical Insight
During a pandemic, each industry has its own specific problems, and the largest credit institutions are no exception in this regard. Investor banks from the U.S. had to face the following difficulty this year: they can not decide whether to bonus traders who were lucky with the growth of indices from the March minimum or to keep bonus pools. Bonuses in the U.S. are a significant part of the profit of traders in the junior and middle positions. They can reach 60% of their fixed pay, and for high positions, they can far exceed that figure.
Nasdaq 100, H4
Pivot: 12152.00
Analysis:
Provided that the index is traded above 12040.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 12152.00
- Take Profit 1: 12270.00
- Take Profit 2: 12380.00
Alternative scenario:
In case of breakdown of the level 12040.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 12040.00
- Take Profit 1: 11820.00
- Take Profit 2: 11620.00
Comment:
RSI indicates an uptrend during the day.
Key levels:
| Resistance | Support |
| 12500.00 | 12040.00 |
| 12380.00 | 11820.00 |
| 12270.00 | 11620.00 |
Nasdaq 100, D1
Pivot: 12152.00
Analysis:
While the price is above 11500.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 12152.00
- Take Profit 1: 12440.00
- Take Profit 2: 13800.00
Alternative scenario:
If the level 11500.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 11500.00
- Take Profit 1: 10960.00
- Take Profit 2: 10680.00
Comment:
RSI is bullish and indicates further increase.
Key levels:
| Resistance | Support |
| 13500.00 | 11500.00 |
| 13100.00 | 10960.00 |
| 12440.00 | 10680.00 |
