Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

Nasdaq moves into positive territory.

A.R Chowdhury by A.R Chowdhury
September 16, 2021
Reading Time: 1 min read
0
Nasdaq moves into positive territory.

Tests the falling 50 hour MA

The NASDAQ index is trying to snap victory from the jaws of defeat and close higher on the day. 

Tests the falling 50 hour MA

The pair has erased the earlier declines that saw the index fall by -114.40 points. It is currently trading up around 12 points or 0.09% at 15173.40. 

The price is currently testing its 50 hour moving average at 15174.94. Move above that level and the 100 hour moving average at 15221.99 will be targeted. Move above that moving average would open up the door for further upside momentum.

Yesterday the price low stalled right near its 200 hour moving average (green line in the chart above). The support buyers against that level helped to give the buyers the go-ahead to push higher. 

Today at the open, the index found early sellers. However the low price did stall ahead of the 38.2% retracement of the most recent move to the upside (ahead of 15028.97). The last four – five hours has seen the price steadily move to the upside.

Resistance at the moving averages above, but buyers are trying to make the play after holding some key support on the downside.

Invest in yourself. See our forex education hub.

Source link

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post
USD/CHF will be the chart to watch in the day ahead

USD/CHF will be the chart to watch in the day ahead

WTI crude oil futures settle unchanged at $72.61

WTI crude oil futures settle unchanged at $72.61

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

New intraday lows for the EURUSD

August 10, 2020
USDJPY retests the 100 hour MA as dollar selling continues

USDJPY retests the 100 hour MA as dollar selling continues

September 1, 2021

EURUSD trades to a new week low as sellers exert more pressure to the downside run

April 8, 2022

Popular Stories

  • New highs for US stocks. The Nasdaq continues to lead

    New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • Bitcoin technical analysis, bulls might be giving up soon

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.