The Nasdaq continues to display resilience in its upward trend during the US session tonight, with prices moving steadily within a bullish channel on the 1-hour timeframe. The consistent price structure forming higher lows and higher highs through a ZigZag pattern reinforces the idea that buyers are firmly in control of market movements. This dominance of buyers reflects sustained positive sentiment, allowing the Nasdaq to aim for higher levels without facing significant pressure from sellers.
Technical support grows stronger due to the ascending Moving Average line, indicating that the upward trend momentum remains on a healthy path. As long as prices remain above the MA and stay within the bullish channel, the prospects for further increases are expected to continue in the US session tonight. With a well-maintained technical structure, Nasdaq has a solid foundation to sustain its strength toward the key resistance levels that the market is targeting.
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The bullish momentum is further supported by the MACD remaining in positive territory, indicating that buyer enthusiasm continues to dominate price movements. With the combination of a bullish channel, stable upward-moving MA, and a supportive MACD, the Nasdaq in tonight’s US session has significant potential for a short-term rally and testing the important resistance at around 25,818 before determining its next direction.
Technical Reference: Buy while above 25,618
Potential Take Profit 1: 25,775
Potential Take Profit 2: 25,818
Potential Stop Loss 1: 25,663
Potential Stop Loss 2: 25,618
