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USNAS100 4H / Uptrend Or Yet...Futures edge higher as the prospect of Sept rate cut grows Nasdaq Technical Analysis The price still consolidating between 19625 and 20100. Bullish Scenario: A correction to 19770 is possible before resuming the bullish trend, in general Stability above 19625 will support a bullish trend to 20100 Bearish Scenario: A bearish move could unfold if the price breaks below 19,625, confirmed by a 4-hour candle close beneath this level, potentially leading to a drop towards 19,390 and a test of the 19,210 support. in the short term stability under 19770 will support falling to get 19625 Key Levels: - Pivot Point: 19780 - Resistance Lines: 20100, 20260, 20470 - Support Lines: 19625, 19390, 19220 Expected Trading Range Today: 192625 to 20100 Trend: Bullish while above 19770
OANDA:NAS100USDLong
by SroshMayi
Nasdaq Continues Uptrend After Retest, Consolidation ExpectedNasdaq Technical Analysis The price retested its support line yesterday, then resumed its upward movement, continuing the bullish trend. The current momentum suggests further advances toward 18,760 and 18,910, before potentially pulling back as long as trading remains below the pivot zone. Next Outlook: The price is expected to consolidate between 18,760 and 18,420 until a breakout occurs. Bullish Scenario: Stability above 18,760 will support a bullish trend towards 18,910. A break above 18,910 could extend the rally to 19,100. Bearish Scenario: If the price stabilizes below 18,760, it may indicate a downward move, fluctuating between 18,760 and 18,420. Key Levels: - Pivot Line: 18,650 - Resistance Levels: 18760, 18910, 19100 - Support Levels: 18420, 18325, 17910 Today's Expected Trading Range: The price is anticipated to fluctuate between 18,911 and 18,420.
OANDA:NAS100USDLong
by SroshMayi
NAS100 -Investors Brace for CPI Data; Nasdaq Futures Hold SteadyFutures Muted Ahead of Data-Packed Week with CPI in Focus U.S. stock index futures remained subdued on Monday as investors prepared for a data-heavy week, with particular attention on U.S. consumer price index (CPI) data. This release will provide critical insights into the Federal Reserve's potential interest rate decisions in September. Nasdaq Technical Analysis Next Outlook: The price is expected to consolidate between 18,650 and 18,435 until a breakout occurs. Bullish Scenario: If the price remains above 18,435, it will support a rise towards 18,930, particularly if a 4-hour or 1-hour candle closes above 18,650. Bearish Scenario: If the price reverses and stabilizes below 18,435, it could support a decline toward 18,150 as the first target. Key Levels: - Pivot Line: 18,625 - Resistance Levels: 18,760, 18,930, 19,210 - Support Levels: 18,435, 18,140, 17,880 Today's Expected Range: The price is anticipated to fluctuate between 18,435 and 18,930. Tendency: Uptrend, as long as trading remains above 18,435.
OANDA:NAS100USDLong
by SroshMayi
USNAS100 12H / Markets Remain Volatile Awaiting Jobs DataNasdaq Technical Analysis Markets Remain Volatile Awaiting Jobs Data Next Outlook: The price is expected to consolidate between 17,900 and 17,590 until a breakout occurs. Bullish Scenario: For a bullish trend to develop, the price needs to stabilize above 17,900 by closing a 4-hour candle above this level, which could support a rise towards 18,420. Bearish Scenario: Stability below 17,900 will support a decline towards 17,590. Further stability below 17,590 could drive the price downward to 17,050. Key Levels: - Pivot Line: 17900 - Resistance Levels: 18050, 18240, 18420 - Support Levels: 17730, 17590, 17300 Today's Expected Trading Range: The price is anticipated to fluctuate between 17,980 and 17,580. Tendency: Downward, as long as trading remains below 17,900. Previous idea:
OANDA:NAS100USDShort
by SroshMayi
1
USNAS100 6H / Futures rally as Big Tech extends recovery Nasdaq Technical Analysis: Futures rally as Big Tech extends recovery Next Outlook: The price reached their resistance at 18430, so as long as trades on it means bearish trend. Bullish Scenario: Stability above 18435 will support rising to get 18625 and 18930 Bearish Scenario: As long as the price trades below 18435 will drop to touch 18145 and 17880 Key Levels: - Pivot Line: 18430 - Resistance Levels: 18625, 18760, 18930 - Support Levels: 18140, 17880, 17630 Today's Expected Range is between 18435 and 17870 Tendency: Downward as long as trades under 18435
OANDA:NAS100USDShort
by SroshMayi
2
U.S. Futures Plunge on Recession Fears (USNAS100)U.S. Futures Plunge Nearly 4% Amid Recession Fears and Global Market Sell-Off 1. Nasdaq Technical Analysis: Last week, the Nasdaq saw a decline of approximately 10.5% due to investor fears of a recession and geopolitical tensions. Outlook: The bearish trend is expected to continue towards 17,360 and 17,020 as long as the price remains below 17,875. Bullish Scenario: A reversal is anticipated if the price rises above 17,875 and closes a 4-hour candle above this level, targeting 18,150 and 18,430. Bearish Scenario: If the price trades below 17,775, it is likely to drop to 17,360 and 17,000, potentially breaking 16,990 to reach as low as 16,420. Key Levels: - Pivot Line: 17750 - Resistance Levels: 17870, 18140, 18430 - Support Levels: 17370, 17050, 16500 Today's Expected Range: The price is anticipated to fluctuate between the support at 16,990 and the resistance at 17,880. -------- 2. U.S. Futures Plunge as Recession Fears Grip Investors U.S. stock index futures tumbled on Monday, with Nasdaq futures falling nearly 4%, as recession fears spread through global markets. The stock markets across Asia and Europe experienced significant declines, and bond yields fell as investors flocked to safe-haven assets. Many are betting that the U.S. Federal Reserve will need to cut interest rates quickly to stimulate growth. All megacap and growth stocks, which had been the main drivers of the indexes reaching record highs earlier this year, dropped sharply in premarket trading. -------- Previous idea:
OANDA:NAS100USDShort
by SroshMayi
USNAS100 / Rethinking Recession Risks and AINasdaq Technical Analysis and Market Outlook: Recession Risks and AI Concerns The Nasdaq index experienced a significant decline, falling from its strong resistance level of 19,625, as we noted yesterday, and plummeting by approximately 5.20%. Outlook: For the Nasdaq to sustain its bearish trajectory, it needs to stabilize below the demand zone, which lies between 18,640 and 18,430. Bullish Scenario: If a 4-hour candle closes above 18,640, the price could advance to 18,930 and 19,100. Bearish Scenario: As long as the price remains below 18,640, it is likely to drop to 18,435. A break below 18,435 could see further declines to 18,150 and 17,880. Key Levels: - Pivot Line: 18,640 - Resistance Levels: 18,750, 18,935, 19,100 - Support Levels: 18,435, 18,150, 17,880 Expected Range for Today: The price is anticipated to fluctuate between the support at 18,150 and the resistance at 18,750. Today's Non-Farm Payroll (NFP) and Unemployment Rate reports are expected to significantly impact the market. ------------ Market Overview: Rethinking Recession Risks and AI Global markets are jittery, reassessing recession risks and reacting to the performance of Big Tech. As August unfolds, concerns over a 'hard landing' for the global economy resurface, especially as central banks relax policies and bond yields decline. The trading landscape has been turbulent across financial markets. Despite the much-discussed rotation within stock sectors, the most notable shift is from stocks to bonds as the fear of recession re-emerges. previous idea:
OANDA:NAS100USD
by SroshMayi
USNAS100 / Key Pivot Zone and Potential Breakout ScenariosTechnical Analysis: USNAS100 Current Outlook: The price is expected to stabilize below 19,100 USD to reach 18,930. A 4-hour candle closing under 18,930 would confirm a downtrend. Overall, consolidation is anticipated between 19,220 and 18,930 until a breakout occurs. Bullish Scenario: - If a 4-hour candle closes above 19215, the price could rise to: 19,500 19,625 Bearish Scenario: Stability below 19,100 may drive the price down to 18,930. - A 4-hour candle closing below 18,930 would likely lead to a further decline to: 18,640 & 18,435 Key Levels: - Pivot Zone: 19,100 - 19,215 - Resistance Levels: 19525, 19625 - Support Levels: 18930, 18640, 18435 Today's Expected Range: The price is anticipated to fluctuate between the support at 18,640 USD and the resistance at 19,525. Summary: Monitor the price action closely at the pivot zone (19,100 - 19,215 USD). A decisive move above or below this zone will likely dictate the next significant trend direction.
OANDA:NAS100USDShort
by SroshMayi
Nasdaq: Impact of Earnings, Geopolitics, and GDP DataTechnical Analysis: Weekly Support Zone Reached Next Outlook: The price is experiencing sensitive movements due to the earnings season. For today, it is crucial to focus on three factors to determine the market's direction accurately: the volume of the 4-hour candle closing above or below the pivot zone, the earnings situation, and the geopolitical climate. Additionally, the release of the U.S. GDP data today will significantly impact the market. Bullish Scenario: To confirm a bullish trend, the price must stabilize above 19095 and close a 4-hour candle above this level, potentially reaching targets of 19250 and 19525. Bearish Scenario: If the price stabilizes below 18930, the bearish trend is likely to continue, targeting levels of 18640 and 18440. Key Levels: - Pivot Line: 19100 - 18930 - Resistance Levels: 19250, 19525, 19625 - Support Levels: 18640, 18450, 18150 Today's Expected Range: The price is expected to fluctuate between the support at 18430 and the resistance at 19250.
OANDA:NAS100USDShort
by SroshMayi
NAS100USD { BETWEEN TURING LEVEL (1) (2) } {4H}NAS100USD HELLO TRADERS Tendency , the price between two turning level around 19,983 & 19,681 . TURNING LEVEL (1) : the price of this level at 19,983 , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 19,681 , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 20,218 , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 20,539 , for reach this level it will be breaking by open 4h candle above resistance level (1) SUPPORT LEVEL (1) : this level around 19,394 , for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 19,049 , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : if the price corrective turning level (1) it is mean the price trying to reach a support level (1) , so if the price corrective a turning level (2) refers trying to reach a resistance level (1). TARGET LEVEL : RESISTANCE LEVEL :20,218 , 20,539 , SUPPORT LEVEL : 19,394 , 19,049 .
OANDA:NAS100USD
by ArinaKarayi
1
NAS100USD ( TRADING ABOVE DEMAND ZONE ) ( 4H )NAS100USD HELLO TRADERS Tendency , the price is under bullish pressure until trade above demand zone . TURNING LEVEL : the price of turning level around 19,532 , indicates the price trade above this level reach a resistance level , but if breaking this level reach a support level . RESISTANCE LEVEL (1) : around 20,078 , for reach this level will be stabilizing above turning level . RESISTANCE LEVEL (2) : around 20,383, for reach this level will be above resistance level (1) SUPPORT LEVEL (1) : support level at19,227 , for reach this level will be breaking and stabilizing below turning level . SUPPORT LEVEL (2) : support level at 18,954 , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : the price retest 19,532 , before rising . TARGET LEVEL : RESISTANCE LEVEL : 2,420$ , 2,442$ . SUPPORT LEVEL ; 2,365$ , 2,337$ .
OANDA:NAS100USDLong
by ArinaKarayi
Nasdaq Nears Critical 19,845 Resistance: Potential Breakout or..Technical Analysis: Imminent Retest of 19,845 for Nasdaq Nasdaq Nears Critical 19,845 Resistance: Potential Breakout or Bearish Turn? Next Outlook: The Nasdaq is approaching 19,845, a key resistance level. A successful break above this level would target 20,085. Conversely, sustained trading below 19,525 could signal the start of a bearish trend. Bullish Scenario: If the Nasdaq maintains stability above 19,625, it is likely to test 19,845. A break above 19,845 would open the path to 20,085. Bearish Scenario: To confirm a downtrend, the Nasdaq must break below both 19,625 and 19,525, with a potential decline extending to 19,100. Key Levels: - Pivot Line: 19,625 - Resistance Levels: 19,845, 20,085, 20,385 - Support Levels: 19,530, 19,100, 18,930 Today's Expected Range: The price is anticipated to fluctuate between the support at 19,100 and the resistance at 20,085.
OANDA:NAS100USD
by SroshMayi
Nasdaq Futures Slip as Global IT Outage Weighs on SentimentTechnical Analysis: Nasdaq Futures Slip as Global IT Outage Weighs on Sentiment Next Outlook: Following a decline due to adverse conditions on Wall Street, the Nasdaq is expected to consolidate between 19,625 and 19,845 until a breakout occurs. The bearish trend remains in play, particularly if the price stabilizes below 19,525, potentially driving it down to 19,100. Conversely, a bullish trend may begin if the price stabilizes above 19,625, targeting 19,845. Bullish Scenario: Stability above 19,625, confirmed by a 4-hour candle with volume, will support a bullish trend towards 19,845. Bearish Scenario: The price should close a 15-minute candle below 19,625 to target 19,520. Subsequently, a 4-hour candle with a volume below 19,520 would confirm a downtrend towards 19,100. Key Levels: - Pivot Line: 19625 - Resistance Levels: 19845, 20085, 20385 - Support Levels: 19530, 19100, 18930 Today's Expected Range: The price is anticipated to fluctuate between the support at 19,100 and the resistance at 20,085. Previous Idea: Nasdaq Futures Slip as Global IT Outage Weighs on Sentiment September Nasdaq 100 E-Mini futures (NQU2024) are down -0.37% this morning due to a widespread cyber outage affecting banks, airlines, and broadcasters, which has dampened investor sentiment. On Friday, computer systems failed globally, disrupting services at airlines, banks, and the London Stock Exchange. This was attributed to the crash of a widely used cybersecurity program, compounded by separate issues reported by Microsoft with its cloud services. CrowdStrike Holdings alerted customers that its Falcon Sensor threat-monitoring product was causing crashes in Microsoft’s Windows operating system. Concurrently, Microsoft experienced disruptions in its Azure cloud and 365 services, though the exact cause of the issues remained unclear.
OANDA:NAS100USDShort
by SroshMayi
2
NASDAQ Faces Volatility Amid NVIDIA and Geopolitical Tensions Technical Analysis: Impact of Earnings Season and NVIDIA Situation on NASDAQ Next Outlook: The NASDAQ may break its barrier and stabilize below it due to the adverse situation with NVIDIA and prevailing geopolitical tensions. This makes the trend in this area particularly sensitive. Bullish Scenario: For a bullish trend to emerge, the price needs to break above 20,085, targeting a move towards 20,385. Bearish Scenario: As long as the price trades below 20,085, it is expected to consolidate between 19,845 and 20,085. A break below 19,845 could lead to a drop towards 19,625 and 19,530. Key Levels: - Pivot Line: 19,845 - Resistance Levels: 20,085, 20,385, 20,540 - Support Levels: 19,625, 19,530, 19,100 Today's Expected Range: The price is anticipated to fluctuate between the support at 19,530 and the resistance at 20,385.
OANDA:NAS100USD
by SroshMayi
NASDAQ / Potential Direction During Earnings Season NASDAQ Analysis: Potential Direction During Earnings Season The NASDAQ recently broke out from an ascending trend line but has since reversed. Given the earnings season, we can anticipate increased volatility as companies report their quarterly results, which will significantly influence market direction. Bullish Scenario: If the price can stabilize above the pivot line at 20,080, we could see a move towards the resistance levels at 20,385 and 20,725. Sustained stability above 20,800 might drive the index higher towards 21,000. Bearish Scenario: If the price fails to hold above the pivot line and stabilizes below 20,086, it could signal a bearish trend. A close below this level, especially on a 4-hour candle, may drive the index down to the support levels at 19,845 and potentially further to 19,625. Key Levels: - Pivot Line: 20080 - Resistance Levels: 20385, 20724, 20800 - Support Levels: 19845, 19625, 19530 Earnings Season Impact: Given that we are in the earnings season, the market reaction to company reports will play a crucial role. Positive earnings surprises could push the index higher, while disappointing results could lead to a sell-off. Keep an eye on major earnings announcements and guidance for the upcoming quarters, as these will be key drivers for the market's next direction.
OANDA:NAS100USDLong
by SroshMayi
NAS100USD ( BREAKOUT CHANNEL ) ( 4H )NAS100USD HELLO TRADERS Tendency , after breakout channel the price is under bearish pressure . TURNING LEVEL : the price of turning level between 20,214 and 20,084 , if the price breaking 20,214 reach a resistance level , but if breaking 20,084 reach a support level . RESISTANCE LEVEL : currently price 20,127 inside sensitive area , if the price breaking turning level at 20,214 reach a resistance level at 20,386 . SUPPORT LEVEL : if the price breaking 20,084 reach a support level at 19,910 . PRICE MOVEMENT : the price breaking ascending channel it mean under bearish pressure , know the price in a sensitive area between turning level at 20,214 and 20,084 , price breaking 20,214 by open 4h candle above this level reach a resistance level at 20,386 , then breaking this level reach a 20,708 , if the price breaking 20,084 by open 1h or 30 min below this level reach a support level at 19,910 , the breaking this level reach a 19,688 . TARGET LEVEL RESISTANCE LEVEL : 20,386 , 20,708 . SUPPORT LEVEL ; 19,910 , 19,688 .
OANDA:NAS100USDShort
by ArinaKarayi
NAS100USD ( TRYING TO REACH A ORDER BLOCK ) ( 4H )NAS100USD HELLO TRADERS TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure TURNING LEVEL : the price between 20,387 and 20,217and called a FVG , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level . PRICE MOVEMENT : the price in previously reach a first resistance level at 20,387 , currently price stabilizing this level , my goal resistance level at 20,703 . PRICE ACTION : LONG CONDITION : have two cases to rising for reach a resistance level , first case the price retest a 20,387 before reach a resistance level at 20,703 , second case price retest 20.217 , before rising , if the price breaking order block at 20, 783 reach a new resistance level at 20,929 . SHORT CONDITION : if the price breaking turning level at 20.217, stabilizing below this level reach a support level at 19,810 , then breaking a supply zone reach a next level at 19,405 TARGET LEVEL : LONG CONDITION / RESISTANCE LEVEL : 20,703 , 20,929 SHORT CONDITION / SUPPORT LEVEL : 19,810 , 19,405
OANDA:NAS100USDLong
by ArinaKarayi
WallStreet Steady as Markets Await Retail Sales Data and EarningTechnical Analysis: Sustained Bullish Momentum Amid Earnings Season Next Outlook: The Nasdaq has reached its first resistance level at 20545 and has since reversed to its support line at 20385. It is expected to consolidate between 20385 and 20545 until a breakout occurs. Bullish Scenario: As long as the price remains above 20385, the targets are set at 20540 and 20725. Bearish Scenario: For a bearish trend to be confirmed, the price needs to stabilize below 20385 and close a 1-hour or 4-hour candle under this level, targeting 20085. A break below 20085 would open the path to a bearish zone, with further targets at 19845 and 19625. Key Levels: - Pivot Line: 20385 - Resistance Levels: 20540, 20725, 20900 - Support Levels: 20085, 19845, 19625 Today's Expected Range: The price is anticipated to fluctuate between the support at 20085 and the resistance at 20725. Previous idea: Wall Street Futures Steady Amid Awaited Retail Sales Data and Corporate Earnings Wall Street futures remained steady on Tuesday following a strong rally in the main U.S. indexes during the previous session. The market's focus now shifts to retail sales numbers and a series of corporate earnings reports. Attention is particularly directed towards retail sales data to gauge consumer response to persistent inflation in the United States. Economists polled by Reuters expect June retail sales to decline by 0.3% on a monthly basis. However, core retail prices are anticipated to remain unchanged. This data will provide crucial insights into consumer behavior and economic resilience amid inflationary pressures, potentially influencing market movements and investor sentiment in the near term.
OANDA:NAS100USDLong
by SroshMayi
NASDAQ /New All-Time Highs and Next Outlook Based on CPI Results Technical Analysis: New All-Time Highs and Next Outlook Based on CPI Results Next Outlook: The price continues to follow a bullish trend towards the next key level of 20900. The price is expected to consolidate between 20400 and 20900 until a breakout occurs, initially aiming to reach 20900. Bullish Scenario: As long as the price remains above 20400, the bullish trend is likely to continue, targeting 20900 and 21000. There is also a possibility of a retest down to 20540 before resuming the upward movement. Bearish Scenario: For a bearish trend to be confirmed, the price must break below 20400 and stabilize with a 4-hour or 1-hour candle close beneath this level. This could lead to further declines towards 20100, and stabilization below 20085 could result in a drop to 19625. Key Levels: - Pivot Line: 20660 - Resistance Levels: 20900, 21000, 21100 - Support Levels: 20540, 20400, 20225 Today's Expected Range: The price is expected to fluctuate between the support at 20540 and the resistance at 20920. CPI Impact: Given the CPI result of 3.0%, the effect is likely to be positive for indices, supporting the bullish outlook. In summary, the direction of the price will hinge on maintaining above the key support levels and the impact of the CPI results. Traders should monitor these critical levels and economic indicators to anticipate the next market movements. previous idea:
OANDA:NAS100USDLong
by SroshMayi
USNAS100 / New All-Time Highs and NFP Implications Technical Analysis: New All-Time Highs and NFP Implications Today's Outlook: The price has recently surged past previous high levels, trending towards a new all-time high around 20410. A retest of this level might occur, potentially driving the price down to 20100. However, today's Non-Farm Payroll (NFP) announcement is expected to significantly impact market movements. Bearish Scenario: For a bearish trend to be confirmed, the price must break below 20100 and stabilize with a 4-hour candle close beneath this level. This could lead to further declines towards 19845 and potentially 19625. Bullish Scenario: As long as the price remains above 20100, the bullish trend is likely to continue, targeting 20410 and 20540. There is also a possibility of a retest down to 20100 before resuming the upward movement. Key Levels: Pivot Line: 20220 Resistance Levels: 20400, 20540, 20750 Support Levels: 20100, 19960, 19625 Today's Expected Range: The price is expected to fluctuate between the support at 19625 and the resistance at 20540. NFP Scenarios: - Previous Result: 272K - Expectation: 191K If the NFP release is less than 191K, the indices are likely to follow a bullish scenario. Conversely, a result exceeding 191K, particularly around 250K, would likely lead to a bearish scenario. In summary, today's market direction will be heavily influenced by the NFP results and the key price levels outlined. Monitoring these factors will be crucial for navigating the day's trading volatility.
OANDA:NAS100USDLong
by SroshMayi
USNas100 (Price Bearish in Focus under pivot line 20100)Technical Analysis: Price Bearish in Focus Today's Outlook: The price reached the high level again and now should break the all-time level to trade above 20100 toward 20405 Bearish Scenario: As long as the price trades below 20100, the bearish trend is likely to persist, with targets at 19960 and under that will be 19845, supported by strong bearish volume. Closing 4h candle under 19525 will start a strong Bearsih area. Bullish Scenario: Closing 4h candle above 20100 means will be an uptrend to get 20400 Key Levels: - Pivot Line: 20100 - Resistance Levels: 20250, 20400, 20500 - Support Levels: 19960, 19845, 19625 Today's Expected Range: The price is anticipated to fluctuate between the support at 19625 and the resistance at 20250, with a downward trend expected for today.
OANDA:NAS100USDShort
by SroshMayi
NAS100 Weekly Analysis/Navigating Key Pivot and Resistance LevelTechnical Weekly Analysis: US NASDAQ 100 (NAS100) A Short Outlook on the Previous Movement: The US NASDAQ 100 (NAS100) has been trading within a primary ascending channel since the significant drop during the COVID-19 period. The index experienced a strong bullish trend, reaching new highs before facing periodic pullbacks. These pullbacks have been opportunities for the price to gather momentum for further upward movement. Current Outlook: The current price of NAS100 is around 19,754.9, positioned near the pivot line at 19,103.5. The index is testing a resistance line near 20,537.0, and the market is awaiting a decisive move. The recent movement suggests potential consolidation before a breakout. Bullish Scenario: Key Trigger: Daily closing above 19,525.0 and sustained move above the resistance line at 20,537.0. Targets: The immediate target would be 20,537.0, with potential further movement towards 21,000.0. Confirmation: A break above 20,537.0, supported by strong buying volume, would confirm the bullish continuation towards 21,000.0. Bearish Scenario: Key Trigger: Daily closing under 19,525.0 and sustained move below 19,103.5. Targets: If bearish momentum continues, the price could drop towards the support line at 17,898.9, further down to 16,548.0. Confirmation: A decline below 19,103.5 and 19,525.0, along with increased selling pressure, would confirm the bearish outlook. Key Levels: Pivot Line: 19,103.5 Resistance Levels: 20,537.0, 21,000.0 Support Levels: 19,103.5 (Pivot Line), 17,898.9, 16,548.0, 15,766.2 Expecting Weekly Range Movement: - The anticipated weekly range is between the support at 17,898.9 and the resistance at 20,537.0. A breakout in either direction would define the next significant move. Preferred Direction: - Given the strong historical bullish trend and the current positioning near the resistance line, the preferred direction leans towards bullish if the price can break and sustain above 20,537.0. However, caution is advised as the market could still face significant resistance and potential pullbacks. Summary: The NAS100 is currently at a critical juncture. A breakout above 20,537.0 would confirm a bullish continuation towards 21,000.0, while a failure to break this level and a decline below 19,103.5 would signal a bearish move towards 17,898.9 and potentially 16,548.0. Traders should closely monitor the price action around these key levels to determine the next major trend. PREVIOUS WEEKLY IDEA:
OANDA:NAS100USD
by SroshMayi
USNAS100 (Reversal at resistance line ) With sensitive movement Technical Analysis: Price Reversal in Focus The movement is sensitive... Today's Outlook: The price will try to touch 19835 from the resistance line which is 19960 there is a sensitive point, stability above 19960 means it will touch 20100 Bearish Scenario: As long as the price trades below 19960, the bearish trend is likely to persist, with targets at 19835 and under that will be 19625, supported by strong bearish volume. Bullish Scenario: Reversing to stabilize above 19960 means will push up to get 20100 and closing 4h candle above 20095 means will start a new bullish trend Key Levels: - Pivot Line: 19960 - Resistance Levels: 20090, 20150, 20250 - Support Levels: 19835, 19630, 19525 Today's Expected Range: The price is anticipated to fluctuate between the support at 19520 and the resistance at 20100, with a downward trend expected for today.
OANDA:NAS100USDShort
by SroshMayi