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US 100
Long

NEW IDEA FOR NDXUSD

By arongroups

The increase in geopolitical tensions in the Middle East region can lead to a decrease in risk tolerance

By examining the trend in the one-hour time frame, the Nasdaq-100 index has hit the resistance of the upper range of the Bollinger Band indicator, and now, due to the geopolitical risk in the region, there is a possibility of risk aversion and the fall of stock indices.
In general, this scenario is reinforced that the Nasdaq-100 index, provided it maintains the resistance of 20955, can decrease in price until the lower range of the Bollinger Band indicator in the range of 20739.
Trend Analysis
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