Technical Analysis of the Nasdaq Index

The Nasdaq index is moving in an uptrend on both the daily and four-hour timeframes. Prices formed an OB zone on the 30-minute timeframe around the 29,969 level, which represents an important buying area. Currently, prices are trading around 30,082, and the bullish movement is expected to continue during the day.

Key Economic News

There are currently no major economic news releases affecting the US dollar; therefore, price action is expected to remain stable and consistent.

Liquidity Levels

Prices are expected to rise and target the 30,172 level, followed by the 30,309 level.

The bullish scenario will be invalidated if a four-hour candle closes below the 29,849 level.