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From what is visible on the 4-hour chart of the Nasdaq 100 index, although there is currently a strengthening in #NDX, this is confirmed by its price movement moving above the WMA (30 Shift 2) which also has a slope that dives upwards and is supported by the appearance of Convergence between the #NDX price movement and the Stochastic Oscillator indicator, but because it is stuck at the current Bearish Fair Value Gap area level, the index has the potential to experience a weakening correction, but as long as it does not break through and close below the 16340.7 level, #NDX still has the potential to strengthen again to the 19939.7 level and if the volatility and momentum of its strengthening support it, the 20853.4 level will be the next target to be tested.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
With the appearance of Divergence between the price movement of the AUD/JPY cross currency pair with the Stochastic Oscillator indicator and the price movement of AUD/JPY which is above
If we look at the 4-hour chart, the Gold commodity instrument appears to still be moving in a Bullish bias, but with the appearance of Divergence between the Gold price
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If we look at the 4-hour chart of the GBP/CHF cross currency pair, there are several interesting facts. First, the appearance of a Triangle pattern followed by the movement
With the price movement of the AUD/CAD cross currency pair moving above the WMA (21) which has an upward slopes and the appearance of Convergence between the price movement
The eagle indicator has reached overbought levels. However, the metal could still reach the high around 8/8 Murray, which represents a strong barrier for gold. Below this area, we could
From what is seen on the 4-hour chart, the EUR/GBP cross currency pair appears to be moving above the EMA (100), which indicates that Buyers dominate the currency pair
With the appearance of Convergence between the price movement of the main currency pair USD/JPY with the Stochastic Oscillator indicator and the position of the EMA (100) which is above
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
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