Analysis of #Nas100
The indices were a bit tricky in the past week if you noticed how the traders have been taking the market up every day only to smash down just 2 hours before the close, this happened every day last week.
All this saga because of the rising bond yields, the rate of which it increases is very fast, I believe this the bond market trying to force the Fed hands and the FEd response is very slow.
anyway, looking at the chart you see the MA lines those the 55-100 and 200 MA, look how the market or the traders tried hard to keep the market above its 55 MA they failed, and now the market will test its 100MA near 12580.
if the market failed to stay above 100 MA it makes a test to its support near 12110, also a fib 61 retracement level
if we go there I believe we can look to buy this market up with a good risk to reward entry
let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
-Disclaimer: this information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and i have no reason to act on it and neither should you