NASDAQ - Weekly forecast, Technical Analysis & Trading Ideas

Jan 15

Midterm forecast: (Daily Time-frame)

20000.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

• A trough is formed in daily chart at 20548.20 on 01/13/2025, so more gains to resistance(s) 21248.00, 21722.90, 22203.25 and more heights is expected.
  

Take Profits:

1. 21248.00
   
2. 21722.90
   
3. 22203.25
   
4. 22500.00
   
5. 23000.00
   
6. 23500.00
   
7. 24000.00
   

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ForecastCity Support Team

Jan 16

Note

H1 TimeFrame Update:

Jan 23

Trade active

Daily:
TP1 & TP2 hit

H1:
TP1, TP2, TP3 & TP4 hit