Market Analysis of NSDQ on Monday 31 July 2023

2023-07-31 18:56Source:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW    

     NSDQ  is running in positive trend  . Wave 1 and wave 2 completed and wave 3 is going on presently and it  require minimum 16050 target  .Stop loss is 14370 and   it can jump directly for 16050 target in form of wave 5 shown on graph.1 minute chart showing target 16150 for  short term purpose with main stop loss 15370.Wave 1 and 2 is completed and wave 3 is running which can take it to sharply towards 15930 level non stop.Now stop loss is 15600 and 15608 to 15745 is very good support and it can fly towards 16050 without touch 15600.

 QUICK FUNDAMENTAL LOOK                                                                     

U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s, data showed on Friday.

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