Trendlines Trader
A technical daily analysis of Nasdaq, Gold, and USD is discussed, with a focus on market movements, support zones, and resistance lines for potential buy positions.
Technical Analysis of NASDAQ 100
Technical Analysis of Gold
Technical Analysis of USD/JPY
Introduction:
In this video, we will do a technical analysis of three different markets: NASDAQ 100, Gold, and USD/JPY. We will be using chart analysis to predict the movement of the markets.
Technical Analysis of NASDAQ 100:
Previously on a bullish uptrend, NASDAQ 100 is currently in a bearish trend. The market broke out of its overall support, and the trend has shifted to the downside. The daily support zone is a crucial level to consider, as it provides high importance to market movement.
Moving to the four-hourly time frame, we can see a major passive move. The market broke out of its previous support and came back to retest the level. The market has been consolidating around this level, and there is a high possibility that the trend may change in the near future.
Technical Analysis of Gold:
Gold has been moving in a downwards trend for quite some time now. However, we can see a potential support level forming. The daily chart shows a support zone around the $1,700 level.
In the four-hourly time frame, we can see the correlation between support and resistance. A resistance zone has formed around $1,750, and a break above this level could signal a change in the trend.
Technical Analysis of USD/JPY:
USD/JPY has been moving in a sideways trend for quite some time now. The currency pair has been ranging between support at around 106.50 and resistance at around 107.80.
The daily time frame shows the importance of the support and resistance levels. The consolidation movement is indicative of a potential breakout or reversal.
Conclusion:
Technical analysis is a crucial part of trading. By analyzing market trends and price movements, we can predict the future movements of markets. In this video, we have discussed technical analysis of three different markets. NASDAQ 100 is currently in a bearish trend, while Gold and USD/JPY are moving sideways. However, we must remember that no analysis can predict the future movements of the market with 100% accuracy. Therefore, it’s always important to have a risk management plan in place when trading.
