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US30 Daily Market Analysis 24 Oct 2024 by Kohinoor Free VIP Signals

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The live price of US30 stands at 42,438 USD,


📊 Intraday Signals (US30)

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🟢 Buy Signal

  • Trade Entry: 42,420 USD

  • Stop Loss: 42,320 USD

  • Take Profit 1: 42,550 USD

  • Take Profit 2: 42,680 USD

🔴 Sell Signal

  • Trade Entry: 42,450 USD

  • Stop Loss: 42,560 USD

  • Take Profit 1: 42,300 USD

  • Take Profit 2: 42,160 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 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.

🔍 US30 Technical Market Analysis

Support & Resistance Levels

  • Daily Support:

    • Support 1: 42,280 USD

    • Support 2: 42,120 USD

    • Support 3: 41,970 USD

  • Daily Resistance:

    • Resistance 1: 42,550 USD

    • Resistance 2: 42,750 USD

    • Resistance 3: 42,900 USD

On the 4-hour time frame, we observe that the US30 is bouncing between these support and resistance zones. Keeping these levels in mind while trading is essential for success.

Fibonacci Retracement Levels

  • Key Daily Swing Levels:

    • 23.6% Retracement: 42,470 USD

    • 38.2% Retracement: 42,350 USD

    • 50% Retracement: 42,280 USD

    • 61.8% Retracement: 42,160 USD

The market is currently hovering near the 38.2% Fibonacci level, suggesting a potential bounce back to higher resistance.

Exponential Moving Averages (EMA)

Daily Time Frame:

  • 50 EMA: 42,500 USD

  • 100 EMA: 42,400 USD

  • 200 EMA: 42,250 USD

  • 400 EMA: 41,900 USD

4-Hour Time Frame:

  • 50 EMA: 42,460 USD

  • 100 EMA: 42,370 USD

  • 200 EMA: 42,240 USD

  • 400 EMA: 42,000 USD

The US30 price remains above the 50 EMA on both the daily and 4-hour time frames, signaling bullish momentum. Traders should watch for a potential pullback to these levels for better entry points.

RSI Divergence

  • Current RSI Level (Daily): 65

  • Current RSI Level (4-Hour): 58

There is slight RSI divergence, especially on the 4-hour chart. While the price is making higher highs, the RSI shows lower highs, indicating a possible reversal or slowdown in bullish momentum.

Order Blocks and Smart Money Concepts (SMC)

On the daily time frame, the nearest bullish order block is found at 42,180 USD, acting as a key support area. On the 4-hour chart, a bearish order block exists around 42,600 USD, which is likely to provide resistance in the short term.

MACD Analysis

  • Daily MACD: The MACD line is currently above the signal line, suggesting continued upward momentum. However, the histogram is showing slight weakening, indicating possible consolidation ahead.

  • 4-Hour MACD: The MACD is slightly bullish, but we could see a crossover if price retraces to the key support levels.

📅 Fundamental Analysis and USD News Impact

Key USD-related news coming up this week:

  • US GDP Data Release: Expected later this week. Higher-than-expected growth figures could strengthen the USD and create selling pressure on US30.

  • FOMC Meeting: Any hint of changes in interest rates may significantly impact the US30.

Keep an eye on these events for potential market volatility!

US30 Daily Analysis Summary by Kohinoor Free VIP Signals

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US30

📊 Key Levels to Watch:

  • Support (Daily): 42,280 USD, 42,120 USD, 41,970 USD

  • Resistance (Daily): 42,550 USD, 42,750 USD, 42,900 USD

  • EMA (Daily): 50 EMA – 42,500 USD, 100 EMA – 42,400 USD

  • Fibonacci Levels: Watch the 38.2% Retracement at 42,350 USD for a possible bounce.

Stay updated by visiting our website https://www.freevipforexgoldsignals.com and exploring our free resources.

FAQs

1.Why is Kohinoor Free VIP Signals the best signal provider? Kohinoor Free VIP Signals offers FREE signals, daily market analysis, and educational resources, including Forex Trading Ebooks.


2.Which brokers are trusted for Gold Forex Crypto trading? Based on client feedback, we recommend:


3.How do I get started with Forex trading? Start with our Level 1 Educational Videos: https://www.freevipforexgoldsignals.com/forex-trading-articles-level-1.

4.What is the best time to trade US30? The best time to trade US30 is during the US session from 13:30 to 20:00 GMT, when market volatility is at its peak.

5.How accurate are Kohinoor Free VIP Signals? Our signals have a high success rate, backed by detailed market analysis. Join our FREE Telegram: @Kohinoorfreevipgoldforexsignals.

6.What are Smart Money Concepts (SMC)? SMC refers to institutional trading techniques that focus on order blocks and liquidity zones to predict market direction.


7.What is the minimum deposit to start trading US30? This varies by broker. Check out our broker list to learn more about account requirements: https://www.freevipforexgoldsignals.com/all-brokers-info-summary.



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