NAS100 Hourly Needs More Commitments From Bulls

NAS100 Hourly Needs More Commitments From Bulls for FX:NAS100 by FXCM

NAS100 Hourly Needs More Commitments From Bulls



FXCM’s NAS100 is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode but each is showing a convergence/loss of momentum. If the EMAs are able to switch to diverging, developing angle, and separation, it may indicate that the short-term traders are starting to align with the daily. A movement of stochastic to 80 level and maintenance of that level (blue arrow) increases the chance of a successful trade. We note the sensitivity of NAS100 to yields, so these will also play a role in determining trade outcomes. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques.

THE ULTIMATE TRADING EXPERIENCE