Looking at the hourly chart, last Friday’s sharp decline pushed the price below its 200-hour moving average (Green line in the chart above) for the first time since April 24. The drop also took the price under the 38.2% retracement of the rally from the June 23 low to the July 31 high at 20,650.10.
Key technical levels:
38.2% retracement: 20,650.10 (support).
50-hour MA: 21,043.28 (support/resistance).
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about nasdaq technicals nasdaq is making new session highs price trades above 100 hour ma was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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