NASDAQ index falls below its 200 hour moving average

Aug 27, 2022
NASDAQ index falls below its 200 hour moving average

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NASDAQ is again beneath its 200 hour transferring common

The most important US indices are decrease and that transfer has now pushed the tech heavy NASDAQ index again beneath its 200 hour transferring common of 12425.85. The low rached 12374.13. The present value is at 12399.22. Keep beneath would tilt the bias extra to the draw back. The low for the week reached 12350.16. The 38.2% goal retracement of the quick overlaying transfer larger is available in at 12176.36

Wanting on the S&P index, it nonetheless stays above its rising 200 hour transferring common of 4120.95. The low value attain 4126.00.

S&P index continues to be above its 200 hour transferring common

The USD is continuous its transfer again to the upside.

  • The GBPUSD is now beneath its 100 hour transferring common 1.18047 (trades at 1.1793).
  • The EURUSD is beneath its 200 hour MA at 1.0041 (trades at 1.0018)
  • The USDJPY is operating away from its 100 hour transferring common of 136.189. It trades at 137.25
  • The USDCAD is again above its 100 hour transferring common at 1.29734. It presently trades at 1.2984

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