• Nov 19, 2024
  • Trade ideas

US100: Hidden Bullish Divergence

US100, H4

US100H4.png

US100 is testing the trendline and navigates between 20670 resistance and 20400 support.

The 9-MA crosses the 14-MA up, with the MFI shows a hidden bullish divergence, giving a sign of a rising.

  • If the price breaks above the 20670 resistance, it will rise to 21200 level.
  • However, if US100 breaks below the trendline and 20400, the asset may fall to 20180.
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Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul