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The current live market price of US30 is $42,641. In this analysis, we will delve into the daily and 4-hour time frames, utilizing various technical indicators such as Fibonacci Retracement Levels, EMA (Exponential Moving Averages), RSI divergence, Weekly and Daily Pivots, Smart Money Concepts (SMC), Support & Resistance Levels, Order Blocks, and MACD.
Market Analysis Overview
Support & Resistance Levels
Understanding support and resistance levels is crucial for traders. On the daily time frame, key support and resistance levels are identified based on historical price action. For the 4-hour time frame, these levels can offer more immediate insights into potential price movements.
Daily Support Levels:
Level 1: $42,300
Level 2: $42,100
Level 3: $41,800
Daily Resistance Levels:
Level 1: $42,800
Level 2: $43,000
Level 3: $43,500
Fibonacci Retracement Levels
Fibonacci levels help in identifying potential retracement areas. The daily swing levels indicate that the key Fibonacci levels for US30 are:
23.6%: $42,700
38.2%: $42,500
61.8%: $42,200
Exponential Moving Averages (EMA)
The EMA is vital for understanding market trends. The following EMA levels are observed:
Daily Time Frame:
EMA 50: $42,600
EMA 100: $42,400
EMA 200: $42,200
EMA 400: $41,900
4-Hour Time Frame:
EMA 50: $42,650
EMA 100: $42,450
EMA 200: $42,300
EMA 400: $42,100
RSI Divergence
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. Currently, the RSI shows a divergence, indicating potential price reversals.
Order Blocks
Order blocks are essential for understanding institutional trading. The recent order blocks for US30 can be identified around the $42,600 and $42,300 levels.
MACD
The Moving Average Convergence Divergence (MACD) indicator is currently showing bullish momentum, suggesting a potential upward trend in the near term.
Summary
💡 US30 Daily Analysis Summary by K9 Investments Trading – WhatsApp 🥇 Join our FREE Telegram Channel: @K9_Investments_GoldTrading
📊 Key Levels:
Daily Support and Resistance:
Support: $42,300, $42,100, $41,800
Resistance: $42,800, $43,000, $43,500
Exponential Moving Average (EMA) Levels:
Daily Time Frame: 50: $42,600, 100: $42,400, 200: $42,200, 400: $41,900
4-Hour Time Frame: 50: $42,650, 100: $42,450, 200: $42,300, 400: $42,100
Weekly Pivots:
Pivot Point: $42,600
Support: $42,300
Resistance: $42,800
Daily Pivots:
Pivot Point: $42,700
Support: $42,500
Resistance: $42,900
Fibonacci Retracement Levels: 23.6%: $42,700, 38.2%: $42,500, 61.8%: $42,200
Fundamental Analysis and Upcoming USD News
📈 Upcoming important USD news can significantly affect the US30 market. Traders should keep an eye on the following events this month:
CPI Report Release: Expected to impact inflation expectations.
Federal Reserve Meeting: Decisions on interest rates could lead to volatility in US30 prices.
Disclaimer: 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. 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.
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What is the best time to trade US30? The best time to trade US30 is during market overlaps, particularly when both the London and New York sessions are open.
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Conclusion
In conclusion, the analysis of US30 indicates a potential upward trend based on various technical indicators. As traders, it is essential to remain informed about market conditions and upcoming economic news. For more insights and live trading setups, don't hesitate to contact us via WhatsApp or join our FREE Telegram channel: @K9_Investments_GoldTrading.
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