Futures Trade Cautiously Ahead of Jobs Data U.S. stock index futures showed minimal movement on Friday as investors awaited a crucial employment report. This report is expected to confirm increasing slack in the U.S. labor market, potentially providing the Federal Reserve with more flexibility to cut interest rates later this year. Technical Analysis the...
Technical Analysis the price reached around the resistance line and dropped to touch its support line, and again reversed so now the price is still above the support line, Bullish Scenario: As long as the price remains above 18435, it is likely to reach 18,735 and potentially 18,820. Bearish Scenario: A stabilization below 18435 would suggest a bearish...
Technical Analysis The price is expected to continue its bullish trend toward 18,735, having already stabilized in the bullish zone. The movement range will likely be between 18,550 and 18,820 until a breakout occurs. Bullish Scenario: As long as the price remains above 18,600, it is likely to reach 18,735 and potentially 18,820. Bearish Scenario: A...
Futures Slip Amid Rate-Cut Uncertainty Uncertainty over how long the Federal Reserve will maintain elevated interest rates weighed on U.S. stock index futures on Thursday. Investors remained cautious ahead of crucial economic data that could provide insights into the state of the economy. Technical Analysis: As mentioned in the previous analysis, the price...
USNAS100 Technical Analysis: The price reached the resistance line at approximately 18,920 and reversed by about -0.80%. It is now expected to retest 18,800 before continuing the bearish trend towards 18,650 and 18,550. The overall direction for today is a downtrend. However, a bullish scenario will be activated if the price stabilizes above 18,820, targeting...
USNAS100 new forecast Technical Analysis: The price broke the resistance line was 18820, so now it will try to reach the next resistance trend which is 18980 and above it will get 19100, otherwise, it should break 18820 to be a bearish trend till 18730 and 18570 Pivot Line: 18,820 Resistance Levels: 18,980, 19,100, 19,210 Support Levels: 18,735,...
Technical Analysis: For the NASDAQ, as long as the price trades below 18,820, it is likely to drop to 18,735. To continue the bearish trend towards 18,550, the price must break below 18,735. Conversely, if the price stabilizes above 18,820, a bullish scenario will be activated, supporting a rise towards 19,100. Pivot Line: 18,820 Resistance Levels: 18980,...
Nasdaq Falls 2.0% Amid Investor Uncertainty and Fed Caution The Nasdaq fell by 2.0% on a subdued Thursday as investors adjusted their portfolios amid shifting market sentiment. The trading session was marked by an uneasy atmosphere following the release of the Federal Reserve's latest meeting minutes, which indicated that central bankers are in no hurry to...
USNAS100 New Forecast The price continues to experience bullish pressure, targeting further gains to reach a new all-time high. As previously mentioned, the price surge, driven by NVDA earnings, has already resulted in an increase of approximately 280 points. Currently, the price is expected to correct to the previous support level at 18,790 before resuming its...
The current forecast for OANDA:NAS100USD indicates a likely bullish trend. As long as the 4h candle opens above 18550, the index is expected to trend upwards, initially reaching 18725 and then continuing to the strong bullish target of 18805. Conversely, if the 4h candle opens below 18550, the trend will likely shift downward, first reaching 18415 and then...
USNAS100 New Forecast The price remains under bullish pressure, aiming for further gains to record a new all-time high. As long as it trades above 18660, the bullish trend is expected to continue towards 18790, 18950, and 19100. However, if the price reverses and stabilizes below 18600, it indicates a correction down to 18435. pivot line: 18660 Resistance...
USNAS100 New Forecast The price remains under bullish pressure, aiming for further gains to record a new all-time high. As long as it trades above 18650, the bullish trend is expected to continue towards 18790, 18950, and 19100. However, if the price reverses and stabilizes below 18600, it indicates a correction down to 18435. pivot line: 18655 Resistance...
USNAS100 New Forecast The price maintains bullish pressure due to NVIDIA's strong profits. Technically, a correction is anticipated down to 18435. Stability below this level would indicate a continuation of the bearish trend towards 18235. Conversely, stability above 18661 would support a bullish trend, with the first target being 18790. pivot line:...
US NAS 100 New forecast The index price activated the upward impulse again, taking advantage of its recent stability above the level of 16905, to notice that it exceeded the first stable level at 17200, recording additional gains, to currently settle near 17350. We point out that the continuation of presenting the main indicators of positive momentum and...
USNAS100 New forecast The index price is fluctuating sideways near 15769, affected by the strength of the additional barrier currently positioned at the 15910 level. Let us wait for the price to accumulate positive momentum and breach the 15910 level to facilitate the task of resuming the upward attack and reaching the next main targets at 16112 and 16285...
Hello everyone,The index price has not moved anything since Friday's trading, repeating its fluctuation sideways near 15839, affected by the strength of the additional barrier currently positioned at 16028. Also, the exit of the Stochastic indicator from the overbought level will contribute to confirming the dominance of the sideways bias for the current period,...
USNAS100 New forecast The index price ended Friday’s trading by forming a strong upward rally, surpassing the stable barrier at 15353. We noticed that it recorded some additional gains by reaching 15538. These factors call us to prefer more upward attempts to wait for the soon arrival towards 15538 again and breach this level will support the price to reach...
Hello everyone,The index price presented more sideways fluctuation by settling near 15830, trying to counter the negativity of the Stochastic indicator, which is currently stable below the 50 level, to generally maintain positive stability within the axes of the main ascending channel. We will now rely on the stability of the additional stable support near...