Hello everyone,
USNAS100 1D NEW FORECAST
In yesterday's trading, the index price succeeded in recording the first stable positive target at 18180, which constituted an immediate obstacle to bullish trading. We noticed the formation of an immediate negative bounce, testing additional support extending towards 18170
The conflict of the main indicators currently may force the price to form mixed trades, but repeated resistance above the 61.8% Fibonacci retracement level represented by the level of 18025 constitutes the basic factor to confirm the bullish scenario. We will remain waiting for the price to soon gather positive momentum and then begin targeting new positive stations that may start from 18360.00 and reach towards 18490.00.
Expected trading range
Between 18100.00 support and 18300.00 resistance.
USNAS100 1D NEW FORECAST
In yesterday's trading, the index price succeeded in recording the first stable positive target at 18180, which constituted an immediate obstacle to bullish trading. We noticed the formation of an immediate negative bounce, testing additional support extending towards 18170
The conflict of the main indicators currently may force the price to form mixed trades, but repeated resistance above the 61.8% Fibonacci retracement level represented by the level of 18025 constitutes the basic factor to confirm the bullish scenario. We will remain waiting for the price to soon gather positive momentum and then begin targeting new positive stations that may start from 18360.00 and reach towards 18490.00.
Expected trading range
Between 18100.00 support and 18300.00 resistance.
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