Technical Analysis of the NASDAQ Index
The NASDAQ index is moving in an upward trend on the one-hour timeframe. Prices rebounded from the 24,625 level, which represents a Fair Value Gap (FVG) area on the daily timeframe. Prices have successfully formed another FVG zone on the four-hour chart around 25,225, marking a key buying level for the index. Today, prices are expected to continue their upward momentum.
Key Economic News
There are no major economic events scheduled for today, so market movement is expected to remain relatively calm.
Liquidity Levels
Prices are expected to rise toward 25,715, followed by 26,048.
The bullish scenario would be invalidated if prices revisit the 24,868 level.
