USTECH100CFD trade ideas
Bearish Nasdaq Eyes Key Levels Amid Jobs Data Watch!In the current scenario, a rise to the 20,839.55 level presents an opportunity to continue the downtrend, targeting the 20,227.50 level in the short to medium term.
The bearish scenario will be invalidated if the price rises above 21,077.98 and closes a daily candlestick above this level.
Note:
Markets are awaiting the U.S. employment data today, with expectations pointing to an increase in non-farm payroll employment change to 153K, while the unemployment rate is expected to remain at 4.0%. The data will be released at 5:30 PM Dubai time and is expected to have a direct impact on the markets, particularly U.S. indices, gold, and currency pairs involving the U.S. dollar.
Traders are advised to pay close attention to this data, as it will directly impact the above analysis upon its release. It will be the main driving force based on its results, which could weaken the validity of the mentioned technical analysis scenario.
NAS100 Update - Potential TargetsHow I see it:
## NFP today, trade safe !
Key resistance @ 20634.00 area
Key support @ 19961.00 area
Severe divergence on 4HR TF
(However, NASDAQ is still very overbought in the much bigger picture)
Potential "LONG" - If Price can find very strong support/demand
TP 1 = 20550.00
Keynote:
Nasdaq is showing strong bearish behavior...
Should the week close a 1W body below 20000.00, bearish behavior could continue
But it can also be accumulation at a very key psychological confluence of support
around 20000.00
Bulls are defending this territory fiercely.
Thank you for taking the time to study my analysis.
Nasdaq Scenario NFP day 07/03/2025English : According to our analysis, we expect the NFP to have a negative impact on the dollar, so we anticipate a Bearish scenario.
Morocan Darija : NFP kanchofo d'apres l'analyse dyalna ayji negative l dollar hadchi 3lach kanchofo Us30 Bearish
ATENTION : I only share my ideas, not signals.
Bullish bounce?USTEC is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which has been identified as an overlap resistance.
Pivot: 19,903.74
1st Support: 19,625.20
1st Resistance: 20,525.10
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NASDAQ Ultimate Support test on the 1week MA50.Nasdaq / US100 is trading inside a Channel Up since the start of this Bull Cycle after the late 2022 bottom.
The price is about to test the 1week MA50, which is the ultimate Support of this bullish trend and has been holding since March 13 2023 (almost 2 years).
It is important for the index to keep a weekly closing over it. If it does we will have the most optimal buy entry case.
The previous two bullish waves interestingly enough both increased by +49.55%.
Buy and target 25500.
Follow us, like the idea and leave a comment below!!