Wall Street index NASDAQ Forecast 20/09/2016

19 сентября 2016 - Fx4News

US stocks at the opening demonstrated positive dynamics, because the rise in oil prices has given confidence to investors. It should be noted that the market's focus is on meeting the Central Banks of America and Japan this week.

Current situation

Bidding for the index on Monday were positive. Price was able to continue to grow, consumers have raised the price of the field 4800 to around 4835. Nasdaq is located above the moving averages, which are neutral on the 4-hour chart. Resistance at index 4835, support at 4800.

MACD is in the positive zone. Histogram rose, indicating the strengthening of customer positions. RSI rebounded from overbought area.

Forecast of the NASDAQ

The general mood of the index remains bullish, the price could rise to the resistance of 4865.

Based on materials