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13.11.202319:10 विदेशी मुद्रा विश्लेषण और समीक्षा: Technical analysis on Nasdaq for November 13th, 2023.

Exchange Rates 13.11.2023 analysis

Red lines- trend line (broken)

NASDAQ has broken above the red downward sloping trend line providing a new bullish signal. Price continues its vertical rise from the 14,045 lows. Short-term trend remains bullish as price is making higher highs and higher lows. Is this upward trend sustainable? Most probably not, but recent price action suggests that we should expect more upside the coming weeks, specially if price pulls back and form a higher low. Chasing the market in fear of missing out is never a good strategy, so traders should be patient and cautious. Eventually Nasdaq will make a pull back. In the 4hour chart the RSI has already started providing bearish divergence signals suggesting a pull back is very possible.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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