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Daily Technical Analysis Research 15.01.2025 – Global Markets (NASDAQ)

NASDAQ (NDX):

NASDAQ continues to experience downward pressure, with the price currently trading below $21,000. I am curious to see how the market reacts to this resistance area, as these levels have been respected in the past.

Daily Technical Analysis Research 15.01.2025 - Global Markets (NASDAQ) - 15bYsNCSExamining the technicals more closely, it is evident that the price could potentially decline further, moving into additional support zones below. Notably, the daily 50 EMA is positioned slightly beneath the current price, aligning with the 50% retracement level on the Fibonacci tool. Additionally, the RSI indicator suggests that the price is neither overbought nor oversold at the moment.

Daily Technical Analysis Research 15.01.2025 - Global Markets (NASDAQ) - xoruz23V

 

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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