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26.10.202314:19 विदेशी मुद्रा विश्लेषण और समीक्षा: Technical analysis on NASDAQ for October 26th, 2023.

Exchange Rates 26.10.2023 analysis

Red lines- bullish channel

Blue lines- Fibonacci retracement levels

Nasdaq is trading around 14,240. Price recently broke to new lower lows below the 23.6% Fibonacci retracement. As was expected by our previous posts, Nasdaq index is moving lower towards the key Fibonacci 38% retracement level at 13,945. Since the break out of the bullish channel we warned traders that Nasdaq index was vulnerable to a pull back. Price has started forming lower lows and lower highs over the last 3 months. We continue to be bearish NASDAQ as long as price holds below the recent high at 15,330.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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