SimpleFX Blog
    Facebook Twitter Instagram
    Wednesday, June 29
    Facebook Twitter LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX Blog
    Home»Uncategorized»Will NDX100 Beat Another Record Anytime Soon?
    Uncategorized

    Will NDX100 Beat Another Record Anytime Soon?

    Zach WrightBy Zach WrightJuly 30, 2021Updated:July 30, 2021No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    U.S. stocks futures are in the red at the moment as Amazon disappointed investors with their results. We have prepared a Nasdaq technical analysis for you. Read it carefully before the trading starts.

    In the second part of our Friday technical outlook, we once again examine the trading opportunities behind USDCAD as the US dollar weakens against all major currencies.

    SimpleFX NDX100 ChartAnalysis: July  30, 2021

    The NDX100 stock index hints at the formation of a large uptrend that moves inside the green channel and inside the yellow channel, which describes the last section of the chart for two weeks.

    Not so long ago, the price went down to the lower green wall and then pushed off from it. After that, the market began to slowly rise in the direction of the upper yellow wall, then the price pushed off from it and went down again.

    It is possible that the bears will soon bring the market to the support level of 14768.4, which is on the lower green wall. If this level is broken, they will open the way to the lower yellow line and the support level of 14606.5.

    In the second option, the price may rise again to the upper yellow wall and the resistance level of 15254.0. If the bulls overpower this level and break through it, then they will open the way to the upper green wall and the resistance level of 15623.2.

    SimpleFX NDX100 ChartAnalysis: July  30, 2021

    The USDCAD currency pair shows the construction of a global uptrend that moves inside the green channel.

    Recently, the market pushed off from the upper green wall and began to move down within the descending yellow channel. Currently, the price is near the support level of 1.243, which is on the lower green line. If this level is broken, the price may fall to the lower yellow wall and the support level of 1.231.

    Alternatively, the price may push off from the lower green line and start moving up. If the bulls have enough strength to break through the resistance level of 1.254, which is on the upper yellow line, then they will open the way to a higher resistance level of 1.294, which is on the upper line of the green channel.

    featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleSimpleFX Trading Ideas July Winners
    Next Article Ethereum Network Upgrade
    Zach Wright

    Related Posts

    A Possible Rebound Scenario for Japanese Stocks?

    June 28, 2022

    How Long the Recent LTCUSD Run Can Last?

    June 24, 2022

    Is BMW Worth It After the New China EV Plant Activation?

    June 23, 2022

    Leave A Reply Cancel Reply

    Copyright © 2022. SimpleFX
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.

    We and our partners use cookies for analytics purposes and to serve personalized ads. You can view our privacy policy here and our cookies policy here
    Accept.
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT