[See more NASDAQ, XAUUSD, BTCUSD expert analysis on link below: becomedaytrader.net/blog]
Next week Monday we will have slightly quiet market movement and fluctuate as there will have no data release on the US side. We have seen the the RSI divergence while the price creates higher high, but the Relative Strength Indicator has shown a lower number of buyers willing to enter into the market. It might indicate the price have a downside risk to a lower price possibility (see 1/2/3/4 hours timeframe are showing the same result) moreover its not only on a particular timeframe, but the more timeframe also showing the same result will have higher chance of the price will move towards the favor.
Current price has stand above the previous created support between 19113.00 – 19231.00. It will still be strong support in a short period. Current resistance level 19721.00 – 19852.00.
For Swing trader can trade between 19113 to 19852, the current support and resistance might have few entry opportunity before the next market news breakout.
However, in the bigger picture we have foreseen the price of NASDAQ might have a slight drop and stand above 20,000.00. As the price has start creating higher low since 7 April low (See picture below), in that case we should follow the trend and follow the buyer market which dominant the price.
—————————————————————————————————————————————————————-
Pepperstone has won multiple prestigious awards from Investment Trends, Deloitte and Compare Forex Brokers and they’re proud to be recognised for consistently exceptional customer service, excellent trading conditions and value for money.
Their support extend to customers is recommended! It is easy to understand, plain and fast withdraw and trusted platform.
Open a trading account with PepperStone today, to unlock more features with the link below:
trk.pepperstonepartners.com/aff_c?offer_id=367&aff_id=38321
This low barrier to entry makes trading accessible to a wider audience, allowing beginners to dip their toes into the markets without committing large sums of money upfront. Whether you’re looking to trade forex, stocks, or commodities, a minimum deposit of just $200 gives you the opportunity to gain experience and understand the market dynamics.
———————————————————————————————————————————————————————-
TradingView is a powerful charting platform that helps traders analyze markets with advanced tools like Fibonacci retracement, indicators, and real-time data. It allows customization, strategy testing, and social sharing, making it essential for technical analysis and informed trading decisions.
If you are interest to subscribe tradingview, use the link below will allow you to have $15 OFF from any type of subscription:
Join Us & Subscribe
Besides that, bill monthly and bill annually has different price. Bill annually will get more discount on the subscription price up to 16%!
——————————————————————————————————————————————————————
*Risk Disclosure – Forex & CFD Trading*
Trading Forex and CFDs carries a high level of risk and may not be suitable for all investors. The leverage effect can work both for and against you, leading to significant gains or losses.
*Key Points to Remember:*
️ Only trade with funds you can afford to lose.
️ Market conditions can change rapidly.
️ Past performance is not indicative of future results.
️ Ensure you fully understand the risks before trading.
Please conduct your own research or seek independent financial guidance before making any trading decisions.
*Trade Responsibly!*
https://www.becomedaytrader.net/blog