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Daily Technical Analysis Research 11.02.2025 – Global Markets (NASDAQ)

NASDAQ (NDX):

The price continues to trade around this internal demand level after successfully rebalancing below the 50% mark on the Fibonacci tool.

Daily Technical Analysis Research 11.02.2025 - Global Markets (NASDAQ) - CfVTzyiL
A closer look at the technicals shows that the price appears to be trapped between ascending and descending trend lines, which are currently acting as key support and resistance levels. I’m eager to see if we can break above and push toward new all-time highs, provided we hold above this descending trend line.

Daily Technical Analysis Research 11.02.2025 - Global Markets (NASDAQ) - SrEkbQ2M

 

Author

Matthew Hayward
Matthew is a well-experienced Market Analyst with a key focus on both Fundamental and Technical Analysis. He has experience in covering various market topics including Cryptocurrency, Foreign Exchange, Indices, and Commodities. He looks to provide we...
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