Technical Analysis of the Nasdaq Index
The Nasdaq index is trading in an up-trend on the 4-hour timeframe, and prices have successfully formed an IFVG zone around the 24,990 level, which represents a significant buying zone. Following that, prices traded near Monday’s high around the 25,210 level, and a further increase in prices is expected today.
Key Economic News
There are no major economic news items scheduled today for the US Dollar, hence we expect coherent movements in the Nasdaq index.
Liquidity Levels
Price is expected to rise targeting the 25,390 level and then the 25,615 level. The bullish scenario is invalidated if prices visit the 24,780 level.