empty
10.03.2025 12:47 AM
NDX – Weekly Results and Prospects

This image is no longer relevant

March is developing a corrective bearish decline. Over the past trading week, two key levels—19901 and 19730—were tested, which correspond to the final level of the weekly Ichimoku cross and the monthly short-term trend. A breakout of these levels could open up further downside potential for sellers, with the next major support located around 18891, marking the upper boundary of the weekly Ichimoku cloud. If the market rebounds, it might lead to a retest of the previously broken weekly golden cross levels at 20345, 20789, and 20973.

This image is no longer relevant

On the daily timeframe, the target for breaking through the daily Ichimoku cloud at 20220 has been fully achieved. A rebound has already started after testing deeper supports at 19901 and 19730. If buyers manage to confirm and extend this rebound, a restoration of bullish positions may involve a corrective rally toward the daily Ichimoku cross levels. The nearest resistance for buyers currently lies at the daily short-term trend around 20530.

This image is no longer relevant

On lower timeframes, sellers maintain a dominant position and continue developing the downward trend. However, during corrective rallies, key levels are repeatedly tested. At this moment, the market is consolidating around the central pivot level of the day at 20233, with the weekly long-term trend resistance just above at 20444. A breakout and trend reversal at these levels could shift the balance of power. As seen on higher timeframes, classic pivot levels act as additional intraday references that update daily, with fresh levels appearing at the market open after the weekend.

***

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
Summary
Urgency
Analytic
Zhizhko Nadezhda
Start trade
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

Forex forecast 13/08/2025: EUR/USD, USD/JPY, GBP/USD, Gold, Ethereum 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 15:43 2025-08-13 UTC+2

Forecast for EUR/USD on August 13, 2025

On Tuesday, the EUR/USD pair continued its upward movement after rebounding from the 50.0% retracement level at 1.1590. It also consolidated above the resistance zone of 1.1637–1.1645 and reached

Samir Klishi 11:56 2025-08-13 UTC+2

Forecast for GBP/USD on August 13, 2025

On the hourly chart, the GBP/USD pair on Tuesday once again rebounded from the support zone of 1.3416–1.3425 and turned in favor of the pound, subsequently consolidating above the 76.4%

Samir Klishi 11:48 2025-08-13 UTC+2

GBP/USD. Indicator Analysis on August 13, 2025

On Tuesday, the pair moved upward to the 85.4% retracement level at 1.3522 (red dotted line), then declined, closing the daily candle at 1.3495. Today, it may continue moving upward

Stefan Doll 11:45 2025-08-13 UTC+2

EUR/USD. Indicator Analysis on August 13, 2025

On Tuesday, the pair moved upward on news, reached the 1.1698 fractal (yellow dotted line), then declined, closing the daily candle at 1.1673. Today it may continue moving upward

Stefan Doll 11:38 2025-08-13 UTC+2

XAU/USD remains under pressure, although there is limited potential for strengthening. Wednesday, August 13, 2025.

[XAU/USD] – [Wednesday, August 13, 2025] XAU/USD appears to be attempting to test its nearest support level, as confirmed by the RSI (14) indicator, which is in the Neutral-Bearish area

Arief Makmur 08:25 2025-08-13 UTC+2

Despite the potential for a downward correction, the AUD/USD remains in strengthen bias condition. Wednesday, August 13, 2025.

[AUD/USD] – [Wednesday, August 13, 2025] With the AUD/USD position which have EMA(50) still above the EMA(200) level and the RSI (140) in the neutral-bullish zone, the bias for this

Arief Makmur 08:25 2025-08-13 UTC+2

EUR/USD forecast for August 13, 2025

Yesterday, the euro once again attempted to test the balance line resistance. This time, it was supported by external markets — the S&P 500 rose by 1.14% and even

Laurie Bailey 05:00 2025-08-13 UTC+2

GBP/USD forecast for August 13, 2025

Yesterday, the British pound took full advantage of the temporary weakness in the dollar, reaching the second intermediate level of 1.3525. The Marlin oscillator is rising in the territory

Laurie Bailey 05:00 2025-08-13 UTC+2

Silver forecast for August 13, 2025

Yesterday, silver gained 0.41%. The price has returned above the balance indicator line, and the Marlin oscillator, which is close to moving into the territory of an upward trend

Laurie Bailey 04:59 2025-08-13 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.