Technical Analysis of the Nasdaq Index
The Nasdaq index is moving in an uptrend on the hourly timeframe. Prices have formed an OB zone on the four-hour timeframe around the 24,975 level, from which prices rebounded upward. Prices are expected to rise during the day.
Key Economic News
Markets are awaiting today the speech of U.S. President Donald Trump, which is expected to have a noticeable impact on the U.S. dollar and the indices.
Liquidity Levels
Prices are expected to rise and target the 25,177 level, followed by 25,383.
The bullish scenario will be invalidated if an hourly candle closes below 24,796.
