NAQ100 Index: The Index breaks out at 6779.40 and approaches 6740.00
|What is going on now with the NAQ100 Index?
NAQ100 Index: The Index held on to its position above 6566.70 support and broke through 6613.65 resistance as highlighted in yesterday's update. The Index managed to hit its first target at 6779.40 before pulling back.
Our forecast
NAQ100 Index: The Index has broken through two resistance price points highlighted in yesterday's update and currently pushing towards 6740.00. The Index could continue to its next target at 6786.95 if it remains above 6740.00. The Index could pull back to 6779.40 if it fails at 6714.40 support.
Support/short -6714.40, 6779.40, 6613.65, and 6566.70
Resistance/Long -6740.00, 6786.95, 6851.80, and 6913.80
Chart 1: The short-term view of the NAQ100 Index price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points
Chart 2: The short-term view of the NAQ100 Index price action in the four hours price chart highlights the direction of the trend and the support and resistance price points
We explain the market movements and help guide you to possibly make the right decision on when to enter, apply stop loss to protect your capital, take profit and exit your position.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.