The Nasdaq 100 is the last market we'll be discussing this week, it follows the same overall bullish narrative as the other pairs we've posted about today. Our analysis from last week was correct with direction and we expect this to continue. Our analysis this week indicates that the order flow is shifting towards a bullish direction, and we're looking for a possible shift lower into our swing low before price continues higher in line with the overall direction of the DXY. We'll be following the first bullish range established in either our lower or higher zone, or the first bearish range established in our higher zone. Our expectation is for a bullish continuation, but we still have a lower zone marked out which we could visit if price decides to travel bearish. As always, we refer to the DXY for more context on the trend, but we'll be watching the price action closely and waiting for a new high to be established along with a low before finding our trade setup.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
