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Live Market Price: $42,274 USD
Intraday Signals by K9 Investments Trading
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1️⃣ Buy Setup for US30
Entry: $42,050
Stop Loss: $41,800
Take Profit 1: $42,350
Take Profit 2: $42,550
2️⃣ Sell Setup for US30
Entry: $42,500
Stop Loss: $42,700
Take Profit 1: $42,200
Take Profit 2: $41,950
Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital. You should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure.Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.
Technical Market Analysis
Support and Resistance Levels
On the Daily timeframe, US30 is testing key support at $42,050, a significant zone highlighted by previous price action. If this level holds, it could signal bullish momentum. However, resistance at $42,500 is critical, as a breakout above this level would confirm upward momentum.
On the 4-hour timeframe, we have support at $42,150 and resistance at $42,450, with the price fluctuating within this tight range, providing potential intraday opportunities.
Fibonacci Retracement Levels
Using Fibonacci retracement on the Daily timeframe, we can see that the key swing high is at $42,950 and the swing low is at $41,800. The 50% retracement level at $42,375 aligns with our key resistance, indicating a potential reversal point.
On the 4-hour timeframe, the 38.2% Fibonacci level sits at $42,200, supporting our sell signal.
Exponential Moving Averages (EMA)
Daily Timeframe:
50 EMA: $42,400
100 EMA: $42,200
200 EMA: $41,900
400 EMA: $41,650
4-hour Timeframe:
50 EMA: $42,350
100 EMA: $42,150
200 EMA: $41,900
400 EMA: $41,700
The price is currently hovering above the 50 EMA on both the daily and 4-hour timeframes, indicating a potential short-term bullish trend. However, a rejection at the 50 EMA could lead to a downward push.
RSI Divergence
The RSI on the 4-hour chart is showing bearish divergence, with the price forming higher highs while RSI makes lower highs. This divergence suggests weakening bullish momentum and supports our sell setup at the $42,500 resistance level.
Smart Money Concepts (SMC) and Order Blocks
US30 has recently created an order block around the $42,200 zone on the 4-hour chart. If the price pulls back into this order block, it could offer a good buying opportunity for an intraday bounce.
MACD
The MACD on the 4-hour timeframe has crossed to the downside, further reinforcing the bearish bias in the short term. The daily MACD, however, is still in positive territory, suggesting mixed sentiment for the coming sessions.
Fundamental Analysis & USD News
This week, traders should keep an eye on key US economic data such as the US GDP report and the Non-Farm Payroll (NFP), both scheduled for later in the week. These reports are likely to cause increased volatility in the US30 index.
The Federal Reserve’s policy statement is also expected, and any hawkish commentary could strengthen the USD, pressuring the US30 lower.
US30 Daily Analysis Summary by K9 Investments Trading
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Key Levels Summary
Daily Support: $42,050
Daily Resistance: $42,500
4-hour Support: $42,150
4-hour Resistance: $42,450
Daily EMA 50/100/200/400: $42,400 / $42,200 / $41,900 / $41,650
4-hour EMA 50/100/200/400: $42,350 / $42,150 / $41,900 / $41,700
Fibonacci Levels: Daily 50% - $42,375; 4-hour 38.2% - $42,200
Weekly Pivots: S1 - $42,050, Pivot - $42,300, R1 - $42,550
Daily Pivots: S1 - $42,150, Pivot - $42,350, R1 - $42,500
FAQs
1.Why is K9 Investments the best signal provider?
K9 Investments offers not only FREE signals but also educational resources, daily market analysis, and ebooks.
2.Which brokers are trusted for Gold Forex Crypto trading?
Based on client feedback, the following brokers are recommended:
3.How do I join K9 Investments’ VIP signal services?
You can easily join by visiting www.k9investmentstrading.com.
4.What is the best time to trade US30?
The most volatile trading hours for US30 are during the overlap of the US and European sessions.
5.Is US30 suitable for beginner traders?
US30 is volatile and requires proper risk management, making it more suitable for experienced traders.
6.What are Smart Money Concepts (SMC)?
SMC refers to advanced institutional trading techniques used by big financial players. Learn more in our Level 1 Forex Trading Videos.
7.Why are Fibonacci retracement levels important in US30 trading?
Fibonacci levels help identify potential reversal points based on previous swing highs and lows.
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