Technical Analysis Nd100 : 2020-03-31

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com
IndicatorValueSignal
RSIBuy
MACDBuy
MA(200)Neutral
FractalsNeutral
Parabolic SARBuy
Bollinger BandsNeutral
Chart Analysis
IFC Markets Tech Analysis

On the daily timeframe, Nd100: D1 broke through the resistance line of the medium-term downtrend. A number of technical analysis indicators formed signals for a further increase. We do not exclude bullish movement if Nd100 rises above its last upper fractal: 7910. This level can be used as an entry point. The initial stop loss is possible below the Parabolic signal, the last lower fractal and the minimum since January 2019: 6610. After opening a pending order, we move the stop loss following the Bollinger and Parabolic signals to the next fractal minimum. Thus, we change the potential profit / loss ratio in our favor. After the transaction, more risk-averse traders can switch to a four-hour chart and set a stop loss, moving it in the direction of trend. If the price overcomes the stop level (6610) without activating the order (7910), it is recommended to delete the order: market sustains internal changes not taken into account.

Fundamental Analysis

The U.S. government allotted $ 2 trillion to help the US economy hit by the Covid-19 epidemic. Will Nd100 quotes grow?