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15.12.202206:30 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Nasdaq 100, Thursday December 15, 2022.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 15.12.2022 analysis

Although on its 4 hour chart Nasdaq 100 index seems move in a ranging condition but with the appearance of:

1. The deviation between price movement with CCI indicator.

2. The appearance of Bearish 123 pattern.

3. Followed by the appearance of Ross Hook (RH).

Based on three things above then in a nearest term #NDX has a potential to try to go down to test the Bearish Ross Hook level at 11608.9 if this level is successfully broken then the next level to go to is 11410.1 but if on the way to these levels there is a sudden upward correction to pass the 12007.9 level then the scenario of a decline has been described earlier will cancel by itself.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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