HomeForex TradingDow Jones, Nasdaq 100, CAC 40 Push Larger

Dow Jones, Nasdaq 100, CAC 40 Push Larger

Article by IG Chief Market Analyst Chris Beauchamp

Dow Jones, Nasdaq 100, CAC 40 Evaluation and Charts

​​​Dow makes additional positive aspects

​The index has spent the previous three classes rallying from final week’s low and is now difficult the 50-day SMA from beneath. ​A detailed above 35,000 is important to a renewed bullish view rising, as this might sign {that a} greater low has shaped in late August and early September, and will see a recent transfer again to 35,600, the excessive from July.

​​Sellers will want an in depth again beneath 34,280 with the intention to recommend {that a} new leg decrease is growing.

Dow Jones Each day Chart

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Nasdaq 100 rallies off 50-day MA

​After stabilizing on Friday, the index pushed again above the 50-day SMA on Monday, establishing one other attainable try to interrupt above the late August excessive. ​From there the 15,760, 15,932, after which the 16,021 ranges become visible. The restoration from the August lows has helped to resume the bullish view.

​It might require a transfer again beneath 15,270 to negate the short-term bullish view, and this would possibly then convey the 14,690 help zone again into play.

Nasdaq 100 Each day Chart

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CAC40 rises for one more day

​The index maintained the bullish momentum seen on Friday after the value rallied again above the 200-day SMA. ​Having averted a deeper pullback for now, the index might now push again to 7400, or on to the late July highs at 7509. This might then put the index again heading in the right direction to focus on the 2023 excessive at 7588.

​Sellers will want an in depth again beneath 7110 to end in one other take a look at of the 7100 help zone.

CAC 40 Each day Chart

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