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NASDAQ 16-10-2023 .

Technical Analysis
By Shady Fouad
0 52

NASDAQ 16-10-2023 .
On the short term Prices are currently moving in a downward direction, where the area around 14,550 representing a support zone and As expected, there was buying force in this area during last week’s trading sessions, causing prices to bounce back upwards. However, there is now a resistance zone in the range of 15,350-15,500, where we anticipate some selling pressure to appear, restraining the upward correction movement.

Support

 14700 14500 –
Resistance 15150 15350

15500
Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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