#NQ100 weekly
Technical observation
#NASDAQ pulled back to the supportive zone it established at 10689.3-10455.3 and it is currently trading within it with an increasing bearish bias. I expect a rejection of this downwards movement within the zone I have mentioned above followed by a rally to the upper side and my advice is, pick bullish positions within the zone 10689.3-10455.3 after a bounce with your take profit at 15299.3 and stop-loss at 9142.4. In case of a clear break above the level 15299.3, I anticipate a further momentum to the upper side; on the other hand if there is a clear break below the zone 10689.3-10455.3, I expect # NASDAQ to plummet towards the level 6837.1.
Trade recommendation
Pick bullish positions within the zone 10689.3-10455.3 with your take profit at 15299.3.
#ASX weekly
Technical observation
For the past four consecutive weeks #ASX has been trading with an increasing bearish bias, this downward movement is a pullback to the supportive zone 6503.6-6440.1 and I expect a possible bounce within it followed by a surge to the upper side. My advice, remain neutral and wait for a retracement to the zone indicated above then pick bullish positions within it after a bounce with your take profit at 7613.3 and stop-loss at 6104.7. If there is a clear break above the resistance level 7613.3, you can expect the value of this company’s shares to rise further after a correction to the broken line followed by a rejection at it.
Trade recommendation
Remain flat.
#CAC40 weekly
Technical observation
#CAC40 is trading with an increasing bearish bias between the supportive zone it established at 5768.4-5682.1 and a resistance level 7230.6 and I expect a continuation of this bearish movement to the zone I have mentioned above followed by a possible rejection within it. My advice, remain neutral and wait for a pullback to the zone indicated above then buy a bounce within it with your take profit at 7230.6 and stop-loss at 5175.5. In case of a clear break above the level 7230.6 with a big green candle, I expect the value of this company’s shares to ascend further; a surge to the lower side can only be expected in case of a break below the zone 5768.4-5682.1.
Trade recommendation
Remain neutral.