Technical Analysis of the Nasdaq Index

The Nasdaq index is moving in an upward trend on the daily timeframe, and prices rebounded upward from the 29,000 level, which represents an FVG zone on the daily timeframe. Currently, prices are moving around the 29,328 level after rebounding from the FVG zone. The bullish trend is expected to continue during today’s trading session.

Key Economic News

The US dollar is awaiting today’s Producer Price Index data and the vote on the nomination of the US Federal Reserve Chair. These events are expected to impact market index movements during the day.

Liquidity Levels

Prices are expected to rise and target the 30,057 level, followed by the 30,733 level.
The bullish scenario will be invalidated if a four-hour candle closes below the 28,641 level.