Current trend 

With the opening of the Asian session, the Nasdaq index lost about 0.2%, but in general the global trend remains ascending. Markets were supported by the news that Donald Trump was able to agree with EU representative Jean-Claude Juncker on the elimination of import duties.

It is planned that the EU will purchase more soybeans from US farmers, and the US will reduce duties on imported metals from the EU. Also, significant support for the index is provided by the growth of quotations of companies that work in the IT industry. Facebook, the capitalization of which has lost more than 20% of the quarterly report, and the number of active users in the second half of the year decreased significantly, remains the outsider.

Today, financial data on Amazon and Intel will be published. Also the ECB meeting on monetary policy and interest rates, as well as the statistics on durable goods orders in the US, is expected.

Support and resistance

Stochastic is at 45 points and does not provide any signals for the opening of transactions.

Resistance levels: 7421.9, 7441.4.

Support levels: 7382.8, 7363.3.

Trading tips

Long positions may be opened from 7382.8 with take profit at 7421.9 and stop loss at 7363.3.

NASDAQ100 index of the American stock exchange

BuySellSpread
6599.66592.670

Scenario

TimeframeDay's Range
RecommendationsBUY LIMIT
Entry Point7382.8
Take Profit7421.9
Stop Loss7363.3
Support levels7363.3, 7382.8, 7421.9, 7441.4
NQ: general review

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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