Hello everyone,
USNAS100 4H NEW FORECAST
The index price returned to offer side trading as a result of the conflict of the main indicators. We note that it was trapped between the stable barrier at 18265.00 and the additional support level positioned near 18025.
We expect the price to continue to fluctuate currently between the previously mentioned axes, so we will remain neutral until it crosses one of them. This will facilitate the task of determining the expected direction for the near and medium trades. Breaking the barrier will open the door to recording additional gains that may extend towards 18360.00 and 18490.00, while breaking the current support will activate the bearish corrective path, so we expect a target. The price reaches the level of 17990.00, reaching the stable 50% Fibonacci retracement level near 17900.00.
18250.00.
USNAS100 4H NEW FORECAST
The index price returned to offer side trading as a result of the conflict of the main indicators. We note that it was trapped between the stable barrier at 18265.00 and the additional support level positioned near 18025.
We expect the price to continue to fluctuate currently between the previously mentioned axes, so we will remain neutral until it crosses one of them. This will facilitate the task of determining the expected direction for the near and medium trades. Breaking the barrier will open the door to recording additional gains that may extend towards 18360.00 and 18490.00, while breaking the current support will activate the bearish corrective path, so we expect a target. The price reaches the level of 17990.00, reaching the stable 50% Fibonacci retracement level near 17900.00.
18250.00.
