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US30 Daily Market Analysis 29th Oct 2024 by Kohinoor Free VIP Signals

Kohinoor Free VIP Trading Signals

Updated: Oct 31, 2024

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 Based on the current US30 price of 42,338 USD


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1. Buy Signal:

  • Entry: 42,300 USD

  • Stop Loss: 42,100 USD

  • Take Profit 1: 42,450 USD

  • Take Profit 2: 42,600 USD

2. Sell Signal:

  • Entry: 42,400 USD

  • Stop Loss: 42,550 USD

  • Take Profit 1: 42,250 USD

  • Take Profit 2: 42,100 USD

Disclaimer: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. 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.

📈 US30 Market Overview

Today's market action in US30 reflects strong resistance and support levels, with traders closely watching fundamental news out of the US. Based on our technical analysis, these levels will guide your trading day.

🔍 Key Technical Indicators for US30

Support & Resistance Levels (Daily & 4-Hour Timeframes)

  • Daily Support: 42,100 USD

  • Daily Resistance: 42,550 USD

  • 4-Hour Support: 42,250 USD

  • 4-Hour Resistance: 42,500 USD

Fibonacci Retracement Levels (Daily Timeframe)

  • Swing High: 42,600 USD

  • Swing Low: 41,800 USD

  • Key retracement levels:

    • 38.2%: 42,200 USD

    • 50%: 42,100 USD

    • 61.8%: 41,950 USD

Exponential Moving Averages (EMA)

  • Daily EMA Levels

    • EMA 50: 42,250 USD

    • EMA 100: 42,100 USD

    • EMA 200: 41,900 USD

    • EMA 400: 41,650 USD

  • 4-Hour EMA Levels

    • EMA 50: 42,300 USD

    • EMA 100: 42,150 USD

    • EMA 200: 41,900 USD

    • EMA 400: 41,700 USD

RSI Divergence

The RSI on the 4-hour chart shows a bullish divergence, indicating that we may see upward momentum. Traders should be cautious if US30 approaches the 42,550 USD resistance, as selling pressure may kick in.

Order Blocks

Key order blocks are forming around 42,250 USD (buy zone) and 42,500 USD (sell zone), providing a clear picture of market intent for intraday trades.

MACD

The MACD on the 4-hour timeframe is showing a potential bullish crossover, supporting the current upward trend.

🔑 Pivot Levels for US30

Weekly Pivots:

  • Pivot 1: 42,450 USD

  • Pivot 2: 42,200 USD

  • Pivot 3: 41,950 USD

Daily Pivots:

  • Pivot 1: 42,380 USD

  • Pivot 2: 42,250 USD

  • Pivot 3: 42,100 USD

🌐 Fundamental Analysis

This week, traders are paying close attention to upcoming US Non-Farm Payrolls (NFP) data, which is likely to cause significant volatility in US30. Additionally, the US Federal Reserve’s rate decision later this month may provide further insights into the direction of the market. Expect heightened activity in response to any significant USD news.

💡US30 Daily Analysis Summary by Kohinoor Free VIP Signals

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US30

Key Levels:

  • Daily & 4-Hour Support/Resistance:

    • 42,100 USD / 42,550 USD (Daily)

    • 42,250 USD / 42,500 USD (4-Hour)

  • EMA Levels (Daily):

    • EMA 50: 42,250 USD

    • EMA 100: 42,100 USD

    • EMA 200: 41,900 USD

    • EMA 400: 41,650 USD


  • EMA Levels (4-Hour):

    • EMA 50: 42,300 USD

    • EMA 100: 42,150 USD

    • EMA 200: 41,900 USD

    • EMA 400: 41,700 USD

📑 FAQs

1.Why is Kohinoor Free VIP Signals the best signal provider? Kohinoor Free VIP Signals offers not only FREE signals but also educational resources, daily market analysis, and FREE Gold Forex Trading Ebooks:https://www.freevipforexgoldsignals.com/forex-trading-articles-level-1.


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

Based on client feedback, we recommend the following brokers:

3.How can I get FREE signals from Kohinoor Free VIP Signals?


4.What is the best way to learn Forex trading?

Check out Kohinoor’s Level 1 Forex Trading Educational Videos here:https://www.freevipforexgoldsignals.com/forex-trading-articles-level-1.


5.What trading strategies workbest US30 Trading Strategies?

Strategies like breakout trading, trend following with EMA, and Smart Money Concepts (SMC) are effective for US30. Combining support and resistance levels with Fibonacci retracement and RSI divergence helps refine entries and exits.


6.What are the Benefits of Fibonacci Retracement in US30 Trading?

Fibonacci retracement helps identify potential reversal levels during a trend, allowing traders to enter trades at key support or resistance zones with better risk management.


7.How does RSI Divergence Impact on Trading Decisions?

RSI divergence indicates a potential trend reversal. When price is making new highs or lows but RSI isn't, it can signal weakening momentum, guiding better entry/exit points.


8.What is the Importance of Order Blocks in Intraday Trading?

Order blocks highlight areas of institutional buying or selling, offering insight into key price zones where large market players enter, allowing traders to make precise entries.



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