Tusharcsfx
Recruit
- Messages
- 0
Daily Index Analysis – Global indices surge, tech leads rebound.
Introduction:
In the global indices landscape, Asian stocks show gains as the US dollar softens amidst considerations of the US interest rate outlook. Notably, the Shanghai Composite, Singapore MSCI, and Nikkei 225 all register positive moves. Meanwhile, European equities rise, despite the UK entering a technical recession. In the US, Wall Street ends on a positive note, primarily boosted by impressive performances from Uber, Lyft, and Nvidia, with the latter surpassing Alphabet in market value.Market In Focus For Today – Nasdaq 100
The NASDAQ 100 shows signs of recovery in the early hours, as efforts are made to bounce back from the CPI shock experienced in the Tuesday session.TECHNICAL OVERVIEW:
Moving Averages:
Exponential:
- MA 5: 17844.62 | Positive Crossover | Bullish
- MA 20: 17868.24 | Positive Crossover | Bullish
- MA 50: 17694.58 | Positive Crossover | Bullish
Simple:
- MA 5: 17836.52 | Positive Crossover | Bullish
- MA 20: 17868.37| Positive Crossover | Bullish
- MA 50: 17694.55 | Positive Crossover | Bullish
Stochastic Oscillator: 46.05| Buy Zone | Positive
Resistance And Support Levels:
- R1: 18038.95 | R2: 18408.77
- S1: 17659.89| S2: 17243.85