Nasdaq charts higher peak


The above chart shows daily price action. The NAS100 has charted a higher peak followed by a higher trough. This is the classical definition of an uptrend as defined by peak and trough analysis. Yesterday’s price action is a strong blue candle showing good bullish emotion and strength. This was due to the market participants reacting positively to the US mid-term election results. The index has closed above its 200-day SMA. If the 200-SMA turns up this will be regarded as a positive development.

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at are those of the individual authors and do not necessarily represent the opinion of or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.