Forex
globalreutersNovember 7, 20241 Mins read
NASDAQ index continues the record run to the upside. Up 1.3% on the day
globalreutersNovember 7, 20241 Mins read The NASDAQ index is leading the way with a gain of 1.3%, up 247 points or 19231.50.
Looking at the hourly chart, the price has moved above a channel trendline that comes across at 19130.21. That increases the bullish bias. There is no reason to sell unless the price were to move back below that line – and stay below that line.
This article was written by Greg Michalowski at www.forexlive.com.
Recent Posts
Categories
Related Articles
US equity close: Red wave in politics, green wave in markets
In addition, Powell was what he always is: A dove.Closing changes:S&P 500...
Economic calendar in Asia Friday, November 8, 2024 – a quiet one
Lower tier data features on the data agenda for the session ahead....
Trade ideas thread – Friday, 8 November, insightful charts, technical analysis, ideas
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas,...
Powell delivered another dovish message and the market isn’t doubting him
The clearest message the Jerome Powell delivered at the press conference was...
Leave a comment