ING believes EUR/USD will break 1.20, and you?
Which currency does have a higher potential for further growth? EUR? USD? Let's find out!
Nasdaq: momentum is strongly upwards
Information is not investment advice
Nasdaq may reach new highs soon. Get ready with us!
Fundamental outlook
The coronavirus pandemic was devastating for service, tourism and hospitality industries. In opposite, it turned out beneficial for tech companies. The lockdown restrictions forced people to stay at home and binge-watch Netflix, order online home deliveries through Amazon and even work remotely and use cloud services and Microsoft’s Teams video-conferencing service. No wonder that tech Nasdaq gained amid the virus outbreak. The stock index hugely surpassed pre-crisis levels and set a strong upward trend.
Technical tips
The Nasdaq is headed towards the resistance at the all-time high at 10 270. Hopefully, the risk-on market sentiment will contribute to it. The price has been stuck between two major trend lines. So, we can assume that the stock will continue its zig-zag movement and move up further. Support levels are at the recent low at 10 125 and the 200-day moving average at 10 030. Follow further news, especially the ADP report today at 15:15 MT time. If it comes better than the forecast, the market sentiment will improve and push stocks up.
Nasdaq is traded as CFD futures contract in MT4 and MT5. You need to choose NASDAQ-20U in order to open a position.
Similar
Westpac: Bullish rally of the AUD is inevitable in Q3
According to Westpac, the AUD is undervalued. What target do they set?
Morgan Stanley: outperforming again?
In the last three quarters of 2020, Morgan Stanley has been outperforming the forecasts. Will it happen the same for Q1'2021?
Popular
AUD/JPY : Appetite for risk is booming
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
Is gold ready to shoot up?
Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.
USD/JPY: Downtrend could extend to the 108.40 region
Ichimoku Kinko Hyo GBP/JPY: The pair is trading below the cloud…
Choose your payment system
