28, July 2016

Nasdaq (a 4-hour chart)

Nasdaq (a 4-hour chart)

General overview

The Bonds Market in the USA showed mixed dynamics on the back of the positive corporative Apple reports on the one hand and Fed meeting results on the other.

Current situation

The index looks bullish. The Nasdaq grew and set a new high at 4713. The resistance is at 4700, the support stands at 4650.

The indicators recommend long positions. MACD is in the positive area. The histogram grew which indicates the buyers’ positions strength. RSI entered the overbought area which is a buy signal.

The 50, 100 and 200 EMAs are moving upwards in the 4 hours chart.

Trading recommendations

The overall outlook remained bullish. Nasdaq may resume its growth as the Fed left its rate unchanged which is welcome news for the dollar.