USNAS100 4H : Earning will affect on the market
USNAS100
New forecast
In yesterday's trading, the index price touched the level of 14510 and then rebounded in a corrective formation towards 14860, thus testing the support of the broken ascending channel, which currently represents a new resistance in the face of negative trading.
Also, the fluctuation of the moving average 50 above the current resistance confirms that trading is being held within the downward path, so we will remain waiting for the price to accumulate additional negative momentum to enable it to form strong bearish waves through which it will target the level of 14582, reaching towards 14500, and by covering it, it will reach 14378. taking into account that stabilized above 14822 will end the bullish attempts.
The expect range trading for today it will be between the resistance line 14822 and support line 14582 .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line : 14582 , 14500
resistance line : 14822 , 14910
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
In yesterday's trading, the index price touched the level of 14510 and then rebounded in a corrective formation towards 14860, thus testing the support of the broken ascending channel, which currently represents a new resistance in the face of negative trading.
Also, the fluctuation of the moving average 50 above the current resistance confirms that trading is being held within the downward path, so we will remain waiting for the price to accumulate additional negative momentum to enable it to form strong bearish waves through which it will target the level of 14582, reaching towards 14500, and by covering it, it will reach 14378. taking into account that stabilized above 14822 will end the bullish attempts.
The expect range trading for today it will be between the resistance line 14822 and support line 14582 .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line : 14582 , 14500
resistance line : 14822 , 14910
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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