empty
03.04.2025 01:07 AM
#NDX – March Results and April Outlook

This image is no longer relevant

March concluded with a bearish candle that left a notable mark in the history books. Bears closed below the monthly short-term trend level (19,730) and eliminated the weekly golden cross, testing support at the upper boundary of the weekly Ichimoku cloud (18,821). If the decline continues, bearish targets will include testing and breaking through the next monthly support level (18,204) and exiting the weekly cloud (17,408). Should the bulls regain control by reclaiming the monthly short-term trend (19,730), they will aim to retest the levels of the weekly Ichimoku cross (20,103 – 20,508 – 20,914). Consolidation above these resistance levels will open the door for testing and updating the all-time high (22,225).

This image is no longer relevant

There is currently a downtrend occurring on the daily timeframe, but a corrective move has emerged and aims to test the first key level of the daily correction, which today lies at 19,566 (Tenkan-sen). Additional resistance levels are located at 19,730 – 19,765 – 20,065 – 20,103. A completed corrective climb followed by a drop below the corrective zone (18,792) will confirm a consolidation within the weekly cloud (18,821). The next downward target will be the monthly support at 18,204.

This image is no longer relevant

In the lower timeframes, the market is also in the corrective zone, and the main boundary on the way of bulls is the weekly long-term trend (19518). The breakdown and reversal of the trend will allow us to consider new upward benchmarks. The resistance of the classic Pivot levels (19565 - 19708 - 19946) will become these intraday targets. Completing the corrective rise and descent through the support of classic Pivot levels (19183 - 19945 - 18802) will allow an update on the minimum extreme of March (18792) and restore the downtrend.

***

Technical Analysis Components:
  • Higher Timeframes: Ichimoku Kinko Hyo (9.26.52) and Fibonacci Kijun levels
  • H1: Classic Pivot Points and 120-period Moving Average (weekly long-term trend)
Evangelos Poulakis,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forecast for EUR/USD on April 8, 2025

On Monday, the EUR/USD pair made two rebounds from the 76.4% retracement level, turned in favor of the euro, and consolidated above the 1.0944–1.0957 zone. As a result, the upward

Samir Klishi 10:57 2025-04-08 UTC+2

Forecast for GBP/USD on April 8, 2025

On the hourly chart, the GBP/USD pair continued its decline on Monday and ended the day near the 1.2709 level. Over just two trading days, the pound dropped by roughly

Samir Klishi 10:53 2025-04-08 UTC+2

Forex forecast 08/04/2025: EUR/USD, USD/JPY, Oil, SP500, and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:50 2025-04-08 UTC+2

Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Tuesday 08 April 2025.

After the Divergence appeared between the movement of the Gold price with the Stochastic Oscillator indicator on the 4-hour chart and was also confirmed by its price movement which

Arief Makmur 09:32 2025-04-08 UTC+2

Technical Analysis of Intraday Price Movement of Crude Oil Commodity Instrument, Tuesday 08 April 2025.

With the appearance of Convergence between the daily price movement of the Crude Oil commodity instrument and the Stochastic Oscillator indicator, it confirms that in the next few days

Arief Makmur 09:32 2025-04-08 UTC+2

Forecast for EUR/USD – April 8, 2025

On Monday, the euro reached the 1.1027 target level but dropped below 1.0955. Nonetheless, the single currency achieved its primary goal, reaffirming its intent to resume growth. Currently, the price

Laurie Bailey 05:03 2025-04-08 UTC+2

Forecast for GBP/USD – April 8, 2025

On Monday, the British pound showed another day of weakness, falling by 180 pips. As a result, the target level of 1.2714 was reached, and an ascending price channel

Laurie Bailey 05:03 2025-04-08 UTC+2

Forecast for USD/JPY – April 8, 2025

USD/JPY After reaching the target range of 145.08/91, the price corrected with increased volatility down to the balance line on the daily timeframe and began the current day with

Laurie Bailey 05:03 2025-04-08 UTC+2

Forecast for Natural Gas – April 8, 2025

Natural Gas (NG) Last week and the beginning of this week, the natural gas quote did not break above the resistance at 4.200, which is reinforced by the MACD line

Laurie Bailey 05:03 2025-04-08 UTC+2

Forecast for EUR/USD on April 7, 2025

On Friday, it's difficult to define what exactly the EUR/USD pair accomplished. The decline is undeniable, signaling a strengthening of the U.S. dollar. But who can confidently say the dollar

Samir Klishi 19:13 2025-04-07 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.