Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Market Analysis – March 5th
Nasdaq100 (NAS100) continues to show positive momentum. The index has been displaying a strong positive trend, with buyers continuing to dominate the market. As we enter a new week, the buyers have managed to break through the key level of 18,000.000, indicating their determination and confidence in the market. The bulls are now setting their sights on a significant level of 18,300, which suggests that we may witness further buying activity in the coming days.
Nasdaq100 (NAS100) Key Levels
Resistance Levels: 18300.000, 17602.000
Support Levels: 17107.000, 16566.000
Nasdaq (NAS100) Long-Term Trend: Bullish
However, it is important to note that the market took a slow pace above the 17,602.000 price level last month. While the buyers were able to break through this level, they faced some resistance in pushing the market higher. The bullish momentum in February was not as strong as anticipated, leaving traders eager for more clarity and direction in the new month.
To gain a better understanding of where the market may be heading, many traders are relying on the best forex signals. These signals, provided by professionals in the field, offer valuable insights into potential market movements.
While the bullish momentum may be growing, it is important to remain cautious as sellers are also present in the market. The stochastic oscillator, a technical indicator used to identify overbought and oversold conditions, has been hovering in the oversold area for several weeks now. This suggests that a sell-off breakdown could occur at any time, potentially leading to a temporary pullback in prices.
Nasdaq100 (NAS100) Short-Term Trend: Bullish
As buyers continue to push the market forward, it is crucial to keep in mind that price fluctuations are a normal part of the market cycle. While the current momentum may be positive, there is always the possibility of a price correction or a temporary reversal.
You can purchase Lucky Block here. Buy LBLOCK
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.