SroshMayi

Nasdaq, (Stocks at record high ahead of inflation)

Short
OANDA:NAS100USD   US Nas 100
USNAS100 New Forecast
The price is approaching the resistance zone between 18,400 and 18,480.
Following this, it will likely come under bearish pressure, especially if the CPI is released at 3.4% or higher.

If the CPI comes in at 3.4%, the price will initially attempt to touch the resistance area before starting a bearish trend. However, if the CPI exceeds 3.4%, the price is expected to drop directly, targeting 18,140 and 17,945.

pivot line: 18390
Resistance Price: 18480, 18590, 18710
Support price: 18140, 17950, 17800

Its range for Today will be between Support 17940 and Resistance 18500

💠Given the current high pressure on the U.S. economy, we expect the CPI to be around 3.4% or 3.5%, as efforts to stabilize economic data and control inflation continue this year.

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