Market Analysis- February 13th
Nasdaq chooses relentless pursuit as buyers refuse to give up. It is yet another bullish week for the NAS100 market. Buyers refuse to give up and continue their relentless pursuit of higher prices. The buyers are tempted to break through new key levels as the bulls maintain strong dominance in the market. Last week, the buyers held on to their campaign, which ended with a ride up to the 17789.600 price zone.
Nasdaq Key Levels
Resistance Levels: 17789.600, 16641.400
Support Levels: 15660.000, 15000.000
Nasdaq (NAS100) Long-Term Trend: Bullish
They, however, managed to close above this level. This week, the bulls have opened the market with strong pressure, aiming to drive the market to new zones. Nasdaq, known as NAS100, has refused to fall out of its bullish momentum, which has been driving the market since last year.
November gave rise to the expansion currently witnessed in the Nasdaq index market. The bulls successfully broke out of the descending trend line channel and headed above the significant level of 15000.000. Since then, the buy market has been solid, experiencing strong expansion.
Nasdaq (NAS100) Short-Term Trend: Bullish
The market volatility is still very much present in the index price, but the buyers are not willing to relent at this moment. They continue to push the market higher, demonstrating their determination to maintain the bullish trend. Traders who follow the best forex signals will have a higher success rate in navigating the market. Forex signals provide valuable insights and analysis from experienced traders, helping traders make precise calculations.
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