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Technical Analysis

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

NASDAQ, February 3, 2021

Technical Analysis
Wednesday, February 03, 2021 - 02:03
Point Trader Group
NASDAQ, February 3, 2021

Overview:

Prices are moving in a short-term uptrend

Expected:

The index is trading above a strong support level around 13400, which might push the index to go upwards to reach the level of 13552.

Alternative Scenario:

On the other hand, we believe that if the level of 13400 is broken to the downside, the index might fall to 13284.

Resistance135521380013925
Support134001321213108

 

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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