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Writer's pictureK9 Investments
Nov 43 min read

US30 Daily Market Analysis November 4, 2024 by K9 Investments Trading

Updated: Nov 16

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Live Market Price: 42,039 USD


Intraday Signals for US30

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1. Buy Signal Setup

  • Entry: Buy at 42,100

  • Stop Loss: 41,850

  • Take Profit 1: 42,300

  • Take Profit 2: 42,500

2. Sell Signal Setup

  • Entry: Sell at 41,900

  • Stop Loss: 42,150

  • Take Profit 1: 41,700

  • Take Profit 2: 41,500

Risk Warning: Trading Forex and CFDs carries a high level of risk. Trade only with money you can afford to lose. This is not financial advice. Trade at your own risk, take partial profits, and use strict risk management.


Comprehensive Market Analysis for US30

Key Technical Indicators

1. Support & Resistance Levels

Analyzing support and resistance levels gives insight into potential reversal zones:

  • Daily Support Levels: 41,850, 41,600

  • Daily Resistance Levels: 42,300, 42,500

On the 4-hour timeframe, we observe stability in support at 41,750 and resistance near 42,450.


2. Fibonacci Retracement Levels

  • Daily Swing Levels: Key Fibonacci levels are drawn from recent highs at 42,500 to lows at 41,500, marking 50% retracement at 42,000. These levels highlight areas where buying or selling pressure may re-emerge.


3. Exponential Moving Averages (EMA)

Tracking EMAs for momentum and trend direction:

  • Daily Timeframe: 50 EMA at 41,950, 100 EMA at 42,100, 200 EMA at 42,200, 400 EMA at 42,300.

  • 4-Hour Timeframe: 50 EMA at 41,900, 100 EMA at 41,850, 200 EMA at 42,050, 400 EMA at 42,250.

These EMAs provide signals of market sentiment and momentum shifts.


4. Relative Strength Index (RSI) Divergence

RSI on the daily timeframe indicates possible divergence, signaling that US30 might be approaching a reversal around 70 (overbought) and 30 (oversold) levels. RSI levels above 60 suggest bullish strength, while levels below 40 may imply bearish trends.


5. Order Blocks

Identifying order blocks is essential for high-accuracy trade setups. Key buy orders rest between 41,700-41,750, while significant sell orders lie near 42,450-42,500.


6. MACD (Moving Average Convergence Divergence)

On the 4-hour chart, MACD indicates weakening momentum near 42,100, with MACD lines crossing below the signal line, a bearish sign. The daily timeframe MACD remains neutral, suggesting traders wait for clear directional signals.

💡US30 Daily Analysis Summary by K9 Investments Trading 

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading


US30

Daily & 4-hour Support and Resistance Levels

  • Support: 41,600, 41,850

  • Resistance: 42,300, 42,500

EMA Levels

  • Daily: 50 EMA (41,950), 100 EMA (42,100), 200 EMA (42,200), 400 EMA (42,300)

  • 4-Hour: 50 EMA (41,900), 100 EMA (41,850), 200 EMA (42,050), 400 EMA (42,250)

Pivots

  • Weekly Pivot Levels: R1 at 42,200, R2 at 42,500, S1 at 41,700

  • Daily Pivot Levels: R1 at 42,150, R2 at 42,300, S1 at 41,800

Fibonacci Retracement Levels

  • 50% Level at 42,000

  • 38.2% Level at 41,850

Fundamental Analysis & Upcoming USD News

Key USD events this week include Nonfarm Payroll (NFP) data, FOMC statement, and Consumer Price Index (CPI) figures. These announcements may significantly impact US30 as investors respond to potential shifts in Fed policies and inflationary pressures.


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7. How Can I Access the Latest Market Analysis from K9 Investments?

Our Daily Market Analysis is available on the website, updated with the latest technical indicators and trends.


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