NASDAQ RALLY CONTINUES
Technical indicators suggest that the bullish rally of NASDAQ continues. The price is a clear uptrend, it is above both 9 day and 20 day moving average, and 9 day is above 20 day. Upper and Lower Bands of Bollinger bands are expanding, which suggests increasing volatility.
The price tried 3 times to brake the resistance at $13 870 dollars with no success, if the rally continues, it will probably attack the previous high $15 380, and if this attack is successful the price will try to reach it's biggest high from past two weeks: $15 977
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The price tried 3 times to brake the resistance at $13 870 dollars with no success, if the rally continues, it will probably attack the previous high $15 380, and if this attack is successful the price will try to reach it's biggest high from past two weeks: $15 977
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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