Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200
NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 is in an uptrend. The uptrend has been terminated at level 15000. The index has retraced to level 14536.35. Presently, the retracement has reached bearish exhaustion. According to the daily stochastic, the index has fallen to the oversold region of the market. Buyers are expected to emerge in the oversold region of the market.
Daily Chart Indicators Reading:
NAS100 has fallen to level 52 of the Relative Strength period 14. The index was earlier in the overbought region of the market. It implies that it is still in the uptrend zone and above the centerline 50. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.
NASDAQ 100 (NAS100) Medium-term Trend: Bearish
On the 3- hour chart, the index is in a downward move. NAS100 has fallen after the rejection at the recent high. Meanwhile, on July 15 downtrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to fall to level 1.618 Fibonacci extensions or level 14553.16. From the price action, the index has tested the Fibonacci level and may continue downward move.
4-hour Chart Indicators Reading
NASDAQ 100 is below the 20% range of the daily stochastic. The index is in the oversold region of the market. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.
General Outlook for NASDAQ 100 (NAS100)
The NAS100 index has fallen to the oversold region. The selling pressure is likely to subside as price reaches the oversold region. We expect buyers to emerge in the oversold region of the market to push prices up.
You can purchase crypto coins here: Buy Tokens
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.