USNAS100 4H : Support to rise up
Updated
USNAS100
New forecast
The index price is fluctuating sideways near 15769, affected by the strength of the additional barrier currently positioned at the 15910 level. Let us wait for the price to accumulate positive momentum and breach the 15910 level to facilitate the task of resuming the upward attack and reaching the next main targets at 16112 and 16285 levels.
Therefore the upward scenario will be more likely during coming period once stabilized above 15910 and then will reach to our targets , taking into account that stabilized under 15769 level will put the price under sell pressure again .
The expect range trading for today it will be between the resistance line 16112 and support line 15679 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 15769 , 15627
resistance line : 15910 , 16112
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New forecast
The index price is fluctuating sideways near 15769, affected by the strength of the additional barrier currently positioned at the 15910 level. Let us wait for the price to accumulate positive momentum and breach the 15910 level to facilitate the task of resuming the upward attack and reaching the next main targets at 16112 and 16285 levels.
Therefore the upward scenario will be more likely during coming period once stabilized above 15910 and then will reach to our targets , taking into account that stabilized under 15769 level will put the price under sell pressure again .
The expect range trading for today it will be between the resistance line 16112 and support line 15679 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 15769 , 15627
resistance line : 15910 , 16112
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
USNAS100
UPDATE
The index price rose yesterday and it was reached to the near to our first target after stabilized above 15910 level to confirming the dominance of the upward trend ,therefore we expect an upward trend during coming trading , and our target will be 16112 and extend to 16285 and 16436 .
Therefore the upward scenario will be remain valid and effective supported by moving average 50 that is continue support the price to rise up , taking into account that stabilized under 15769 will postponed the bullish trend and put the price under sell pressure .
The expect range trading for today it will be between the resistance line 16112 and support line 15679 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect the market .
support line : 15910 , 15769
resistance line : 16112 , 16285
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
USNAS100
UPDATE
The price still trade above the support line at the 15910 level , there is no change in the expected bullish trend scenario in the immediate term, and our target will be 16112 and extend to 16285 level
therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price tp rise up , taking into account that stabilized under 15910 will put the price under sell pressure and force the price to start a negative correctio to 15769 before any new high and and under that level will postponed the bullish trend .
The expect range trading for today it will be between the resistance line 16112 and support line 15769 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
Additionally ,Today News will affect the market .
support line : 15910 , 15769
resistance line : 16112 , 16285
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
USNAS100
Update
The price perfectly fulfills my last idea and price reached to our first target +160 pip .
The index price rose yesterday and reached our target at the level of 16112 and rebounded from it and otherwise fluctuated below it, so we suggest an upward trend during the coming trading.
We expect the price to resume sideways fluctuation until it gathers additional positive momentum so that it can break the 16112 level and hold above it to reach the extended resistance towards the 16285 and 16436 levels in medium-term trading.
Therefore the upward scenario will be remain valid and effective during coming period , taking into account that stabilized under 15769 level will postponed the bullish trend .
support line : 15910 , 15769
resistance line : 16112 , 16285
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
USNAS100Update
our last idea still active and we continue expect the upward scenario will be remain valid for coming period ,
Additionally ,Today News and New York session will affect the market .
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