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 – November 3
Nasdaq (NAS100) buyers are trying to reclaim strength. Buyers in the Nasdaq (NAS100) market are currently attempting to regain their strength. However, they are more likely to face a few challenges. The NAS100 market experienced a notable presence of sellers in the past week. Towards the end of that bearish phase, sellers managed to breach the significant zone at 14319.80. This suggests that the sellers have had some success in exerting downward pressure.
Nasdaq (NAS100) Key Zones
Resistance Zones: 16039.60, 15333.60
Support Zones: 14319.80, 13782.00
Nasdaq (NAS100) Long–Term Trend: Bearish
As the new week begins, it’s evident that the selling momentum has been held back. Also, the market pressure hasn’t continued to push lower. The bears could regain their strength and control at any time, particularly if buyers step back from the market. The recent cross on the Moving Average (MA) crossing indicator shows a bearish opening. This further supports the possibility of sellers reentering the market.
The Moving Average Convergence and Divergence (MACD) indicator is still positioned below the 0.00 level. The second indicator shows a bearish sentiment. This indicates the potential for a market drop down to the 13782.00 significant zone.
Nasdaq (NAS100) Short–Term Trend: Bearish
On the 4–hour chart, it appears that the bears are poised to make a move lower toward the 13782.00 significant zone. Sellers seem to be back in control and could push the market downward in the near future. This therefore implies more room for market volatility.
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.