Bullish Signals from MA and MACD, Nasdaq Poised for Upswing

The Nasdaq is signaling a strong bullish trend tonight, receiving support from both the Moving Average (MA) and MACD indicators. The index price has maintained stability above the MA line, indicating that an upward trend is consistently forming.

In addition, the MACD indicator reinforces this bullish signal as the MACD line crosses above the signal line, and the positive histogram is starting to expand, indicating a growing buying momentum.

Advertisements

Regulated

FBS

This company is verified and recommended for traders.

FBS: Cyprus 16 years MT4/MT5 Full Licence
Recommended

Regulated

OctaFX

OctaFX: Cyprus 14 years MT4/MT5 Full Licence
Recommended

Regulated

FXCM

This company is verified and recommended for traders.

FXCM: Australia 26 years MT4/MT5 Full Licence
Recommended

Regulated

MIFX MONEX

MIFX MONEX: Indonesia 25 years MT4/MT5 Full Licence
Recommended

Analyzing the one-hour chart alongside the 15-minute chart also reveals a buy signal, with the MACD indicator remaining in the positive area, which could support Nasdaq’s rise. If the scenario unfolds as expected, Nasdaq is likely to test the resistance level of 22,370.

Technical Reference: buy as long as it stays above 21,155
Potential Take Profit 1: 21,315
Potential Take Profit 2: 21,370
Potential Stop Loss 1: 21,210
Potential Stop Loss 2: 21,155