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ROWLANDSDUKI
Sep 17, 2020 1:36 AM

Alpha Capital Wealth South Africa Nas100 Short

FX:NAS100240
US 100 IndexFXCM

Description

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NAS100
Intraday: the downside prevails.
Target
11256.00

Pivot
11350.00

Our preference
Short positions below 11350.00 with targets at 11170.00 & 11090.00 in extension.

Alternative scenario
Above 11350.00 look for further upside with 11430.00 & 11540.00 as targets.

Comment
The RSI advocates for further downside.

Comment

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NAS100
(Z0) Intraday: under pressure.
Target
11021.00

Pivot
11170.00

Our preference
Short positions below 11170.00 with targets at 10900.00 & 10775.00 in extension.

Alternative scenario
Above 11170.00 look for further upside with 11280.00 & 11400.00 as targets.

Comment
The RSI is bearish and calls for further downside.
Trend AnalysisTechnical Indicators
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