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Writer's pictureK9 Investments
Nov 14 min read

US30 Daily Market Analysis 1st Nov 2024 by K9 Investments Trading

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US30 Live Market Price: 41,806 USD


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Signal 1: Buy US30

  • Entry: 41,720 USD

  • Stop Loss: 41,580 USD

  • Take Profit 1: 41,950 USD

  • Take Profit 2: 42,100 USD

Signal 2: Sell US30

  • Entry: 41,860 USD

  • Stop Loss: 42,000 USD

  • Take Profit 1: 41,640 USD

  • Take Profit 2: 41,500 USD

🔸 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Ensure you fully understand the risks involved and seek independent advice if necessary. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.


🔍 US30 Daily Market Analysis Overview

Today’s US30 market analysis highlights a blend of support & resistance levels, technical indicators, and market sentiment. We utilize a combination of the daily and 4-hour timeframes to provide a clear picture of potential price movements.


Support & Resistance Levels

  • Daily Support: 41,720 USD, 41,500 USD

  • Daily Resistance: 41,950 USD, 42,100 USD

  • 4-Hour Support: 41,640 USD, 41,860 USD

  • 4-Hour Resistance: 41,950 USD, 42,000 USD

These levels represent critical zones that traders should watch closely for possible reversals or breakouts.


Fibonacci Retracement Levels

On the daily chart, we observe the following Fibonacci levels for the latest swing from 41,300 USD (low) to 42,000 USD (high):

  • 23.6% retracement: 41,840 USD

  • 38.2% retracement: 41,720 USD

  • 50% retracement: 41,650 USD

These levels help in identifying potential entry and exit points for trades based on price reactions.


Exponential Moving Averages (EMAs)

We use four EMA values (50, 100, 200, and 400) to assess trend strength on both daily and 4-hour timeframes:

Daily EMA Values:

  • 50 EMA: 41,780 USD

  • 100 EMA: 41,620 USD

  • 200 EMA: 41,350 USD

  • 400 EMA: 40,900 USD

4-Hour EMA Values:

  • 50 EMA: 41,850 USD

  • 100 EMA: 41,740 USD

  • 200 EMA: 41,520 USD

  • 400 EMA: 40,960 USD

These EMAs show the bullish momentum, with price remaining above most EMAs, indicating strong upward movement.


RSI Divergence

The RSI is showing a slight bearish divergence on the 4-hour chart. As prices hit new highs near 42,000 USD, the RSI has failed to make higher highs, signaling potential weakness. If confirmed by price action, this could lead to a short-term correction.


Order Blocks & Smart Money Concepts (SMC)

We identify a significant bullish order block around 41,700 USD on the 4-hour timeframe. This zone reflects areas where institutional traders may have placed large buy orders, indicating potential demand.


Conversely, there’s a bearish order block near 41,950 USD, aligning with resistance. These zones are key for price reversals or continuations.


MACD Analysis

The MACD on the daily chart shows a slight bullish crossover, supporting the overall upward trend. However, momentum is relatively weak, suggesting traders should monitor closely for any potential divergence or signal line crossovers.


💡US30 Daily Analysis Summary by K9 Investments Trading

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US30

In summary, the US30 market is showing strong upward momentum, with support around 41,720 USD and resistance at 41,950 USD. Here’s a breakdown of the key technical levels:

  • Daily Support: 41,720 USD, 41,500 USD

  • Daily Resistance: 41,950 USD, 42,100 USD

  • Daily EMAs: 50 EMA (41,780 USD), 100 EMA (41,620 USD), 200 EMA (41,350 USD), 400 EMA (40,900 USD)

  • 4-Hour EMAs: 50 EMA (41,850 USD), 100 EMA (41,740 USD), 200 EMA (41,520 USD), 400 EMA (40,960 USD)

  • Fibonacci Levels: 23.6% at 41,840 USD, 38.2% at 41,720 USD, 50% at 41,650 USD

📉 Fundamental Analysis and USD News

As we enter the first week of November, several critical USD news events are on the horizon. The Non-Farm Payroll (NFP) data release this week could lead to significant volatility in the US30 index. Traders should also watch for the Federal Reserve Interest Rate Decision and upcoming inflation reports.


📑 FAQs

1.Why is K9 Investments the best signal provider?

K9 Investments offers FREE signals, daily market analysis, ebooks, and much more, making it an all-in-one solution for traders.


2.Which brokers are trusted for Gold Forex Crypto trading?

Based on feedback, we recommend:

3.What is the best timeframe for intraday trading US30?

The 15-minute and 1-hour timeframes are ideal for intraday US30 trading, offering a balance between spotting short-term trends and minimizing market noise.


4.How do EMAs influence trading strategies for US30?

EMAs (Exponential Moving Averages) help identify trends and reversals on US30. Crossovers of short-term EMAs with long-term EMAs signal potential buy or sell entries.


5.What is the impact of NFP on US30 trading?

The Non-Farm Payroll (NFP) report often causes high volatility in US30, leading to sharp price movements. Traders watch NFP for clues on economic health and interest rates.


6.How can I identify order blocks for trading US30?

Order blocks are areas where institutions have placed large trades, creating strong support or resistance zones. Look for price consolidation followed by a sharp breakout.


7.What are Fibonacci levels, and how do they apply to US30?

Fibonacci retracement levels (23.6%, 38.2%, 61.8%) help identify potential reversal zones on US30, where price may bounce or retrace within an uptrend or downtrend.


8.How does RSI divergence signal trend reversals?

RSI divergence occurs when price moves in the opposite direction of the RSI indicator. This suggests weakening momentum and a potential trend reversal on US30.



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