The financial markets are always in a state of flux, with constant fluctuations in asset prices. Traders alike are constantly on the lookout for opportunities to capitalise on these movements. 

In recent times, two prominent indices in the world of trading have been the US30 and NAS100, which are showing signs of completing their corrective phases. In this article, we will delve into what this means for traders and investors and how to navigate these exciting times in the financial markets.

The NAS100 Performance 

(UPDATE) - NAS100 is about to create a 3rd low.

NAS100 is trading in a bullish market. The trend started around 10700.00 and broke above the previous area of the resistance zone around 12094.00. There has been a repetition of resistance zones being broken. Traders anticipate the trend to continue however the market is currently trading within a corrective structure which has to create the 3rd low before it completes and the trend resumes to the upside.

The US30 Performance

(UPDATE) - US30 is about to complete the corrective phase.

US30 is trading in a bullish market. At the moment the market is forming a correction of the bullish trend which is also a bullish continuation pattern and should resume the trend once it's complete. According to this price action, traders are bullish and anticipate the market to create the 2nd low of the structure at the support zone around 33560.00 or 33290.00 before looking for bullish trading opportunities.

The USDZAR Performance

(UPDATE) - USDZAR is ranging.

USDZAR is trading in a bullish market. Recently it has been trapped in between the resistance and the support zones around 19.1498 and 18.7584 respectively. According to the higher lows and the ascending trendline that the market has been respecting, traders are bullish and are waiting for a weekly candlestick break and close above the resistance zone to confirm bullish momentum and to look for a continuation to the upside.

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Final Thoughts On Today’s Analysis 

In conclusion, the US30 and NAS100 are currently in corrective phases, which present opportunities for traders and investors. By staying informed, employing sound trading strategies, and managing risk effectively. Moreover, you can position yourself to capitalise on potential future trends in these indices. Keep a close watch on the markets and be ready to act when the time is right. Subscribe to our YouTube channel today to learn more from our analysis.