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US30 Daily Market Analysis 8th NOV 2024 by Kohinoor Free VIP Signals

Kohinoor Free VIP Trading Signals
Nov 8, 20243 min read

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US30 is trading at 43,749 USD.


US30 Intraday Signals by Kohinoor Free VIP Signals

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1️⃣ Buy Signal

  • Trade Entry: 43,680 USD

  • Stop Loss: 43,500 USD

  • Take Profit 1: 43,900 USD

  • Take Profit 2: 44,050 USD

2️⃣ Sell Signal

  • Trade Entry: 43,800 USD

  • Stop Loss: 43,950 USD

  • Take Profit 1: 43,600 USD

  • Take Profit 2: 43,450 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. Trading may not suit all investors. Ensure you understand the risks involved and seek independent advice if necessary. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.


In-Depth US30 Market Analysis: 8th NOV 2024

Overview of US30 Market Trends

As of today, US30 is trading at 43,749 USD. Analyzing from both daily and 4-hour timeframes, we observe several key technical indicators that offer potential setups.


Support & Resistance Levels

  • Daily Support: 43,500 USD

  • Daily Resistance: 44,000 USD

  • 4-Hour Support: 43,600 USD

  • 4-Hour Resistance: 43,850 USD

Fibonacci Retracement Levels (Daily Swing Levels)

Using Fibonacci retracement to track recent daily swings:

  • 38.2% Level: 43,720 USD

  • 50% Level: 43,660 USD

  • 61.8% Level: 43,600 USD

Exponential Moving Averages (EMA)

  • Daily EMAs:

    • EMA 50: 43,700 USD

    • EMA 100: 43,800 USD

    • EMA 200: 44,100 USD

    • EMA 400: 44,500 USD

  • 4-Hour EMAs:

    • EMA 50: 43,650 USD

    • EMA 100: 43,750 USD

    • EMA 200: 43,900 USD

    • EMA 400: 44,200 USD

RSI Divergence

The RSI on the 4-hour timeframe shows a divergence at 43,750 USD, indicating potential bearish momentum if prices fail to surpass this level.

Order Blocks

  • Order Block (Daily): Around 43,600 USD – offers potential buying interest.

  • Order Block (4-Hour): Around 43,850 USD – noted as a sell entry zone.

MACD Analysis

On the daily timeframe, MACD indicates neutral momentum, though the short-term divergence aligns with potential bearish setups for intraday trading.



💡 US30 Daily Analysis Summary by Kohinoor Free VIP Signals

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals


US30

Key insights for today’s analysis:

  • Daily & 4-Hour Support & Resistance: Strong focus on 43,500 USD (support) and 44,000 USD (resistance).

  • EMA Levels: Daily EMA 50 at 43,700 USD, crucial for short-term trend confirmations.

  • Fibonacci Levels: 38.2% and 61.8% retracement levels align closely with daily support at 43,600 USD.

  • Weekly & Daily Pivots: Price action is centered around weekly pivot points, potentially limiting further downside.

Fundamental Analysis and USD News Impact

Upcoming USD news events include CPI and PPI releases scheduled this week, with expectations for moderate inflationary data. Elevated inflation concerns could fuel a USD strength, impacting the US30’s support levels around 43,500 USD.



FAQs

1.Why is Kohinoor Free VIP Signals the best signal provider?

Kohinoor offers FREE signals, daily market analysis, and a comprehensive library of trading resources, making it a preferred choice for traders.


💡 Kohinoor Free VIP Signals Education Articles & Bloghttps://www.freevipforexgoldsignals.com/forex-trading-articles


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

Based on userreviews, we recommend these brokers for their reliability and top-notch support:

3.What is an intraday trading signal?

Intraday trading signals are short-term setups for buying or selling a security within the same trading day.


4.How reliable are free trading signals?

Kohinoor’s free trading signals have a high success rate, owing to deep market analysis.


5.What indicators are used in Kohinoor signals?

Signals include EMA, Fibonacci, MACD, and support/resistance levels for accuracy.


6.How to use support and resistance in trading? These levels act as price barriers, helping to pinpoint buy and sell zones.

7.Why use a stop loss in trading?

A stop loss protects capital by capping potential losses on each trade.

8.Where to learn Forex trading basics?

Kohinoor offers a range of free educational resources at https://www.freevipforexgoldsignals.com/about-kohinoor-vip-signals.



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