TECHNICAL ANALYSIS

The NASDAQ index is down around 200 points or -1.48%


Still above the low point of the day but the sellers are returning

After the NASDAQ index fell around -225 points at the start of trading in New York to 13132.852, the index rebounded to 13296.39 (-61 points). The index has since resumed its downward fall and has returned to -200 points or -1.48% (currently down -187 points.

Still above the low point of the day but the sellers are returning

The price remains well below its falling 50-hour moving average at 13,398.30. As long as the price can stay below this moving average, bears are more in control.

The USD has turned a little more positive since the London / Europe close. It still remains lower against the GBP and CAD, but extended its gains against the NZD (the weakest), CHF and AUD.

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