Nasdaq: Impact of Earnings, Geopolitics, and GDP Data

Jul 25

Technical Analysis: Weekly Support Zone Reached

• Next Outlook:
  The price is experiencing sensitive movements due to the earnings season. For today, it is crucial to focus on three factors to determine the market's direction accurately: the volume of the 4-hour candle closing above or below the pivot zone, the earnings situation, and the geopolitical climate. Additionally, the release of the U.S. GDP data today will significantly impact the market.
  
  
• Bullish Scenario:
  To confirm a bullish trend, the price must stabilize above 19095 and close a 4-hour candle above this level, potentially reaching targets of 19250 and 19525.
  
  
• Bearish Scenario:
  If the price stabilizes below 18930, the bearish trend is likely to continue, targeting levels of 18640 and 18440.
  
  
• Key Levels:
  - Pivot Line: 19100 - 18930
  - Resistance Levels: 19250, 19525, 19625
  - Support Levels: 18640, 18450, 18150
  
  
• Today's Expected Range:
  The price is expected to fluctuate between the support at 18430 and the resistance at 19250.