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Introduction
The US30 index is currently trading at 43,431 USD, showcasing the dynamic nature of the financial markets. In this analysis, we will provide two actionable intraday trading signals and a comprehensive market overview using various technical indicators.
Market Analysis
Support & Resistance Levels
Analyzing the daily and 4-hour timeframes, we identify the following key support and resistance levels:
Daily Support Levels: 43,000, 42,800, 42,500
Daily Resistance Levels: 43,600, 43,800, 44,000
4-Hour Support Levels: 43,200, 43,000, 42,900
4-Hour Resistance Levels: 43,500, 43,700, 43,900
Fibonacci Retracement Levels
Using the recent swing high and low, the key Fibonacci levels are:
23.6%: 43,600
38.2%: 43,400
61.8%: 43,200
Exponential Moving Averages (EMA)
Daily EMA Levels:
50 EMA: 43,350
100 EMA: 43,100
200 EMA: 42,800
400 EMA: 42,500
4-Hour EMA Levels:
50 EMA: 43,450
100 EMA: 43,300
200 EMA: 43,100
400 EMA: 42,900
RSI Divergence
The Relative Strength Index (RSI) is currently at 58, indicating that the market is nearing overbought territory. Traders should be cautious of potential price corrections.
Order Blocks
Identifying order blocks can help traders understand where institutional buying/selling is taking place. Current order blocks are visible around 43,400 USD and 43,000 USD.
MACD Analysis
The MACD line is above the signal line, indicating bullish momentum. However, traders should watch for potential crossovers that may signal trend reversals.
Fundamental Analysis
Upcoming USD News
Traders should keep an eye on the upcoming Federal Reserve meetings and Inflation Reports, as these events can significantly impact the US30 market. Positive economic data may lead to a stronger USD, putting downward pressure on the US30 index.
Summary
💡 US30 Daily Analysis Summary by Kohinoor Free VIP Signals – Contact Us
Key Levels:
Daily Support: 43,000, 42,800, 42,500
Daily Resistance: 43,600, 43,800, 44,000
4-Hour Support: 43,200, 43,000, 42,900
4-Hour Resistance: 43,500, 43,700, 43,900
Exponential Moving Averages (EMA)
Daily EMA Levels: 43,350, 43,100, 42,800, 42,500
4-Hour EMA Levels: 43,450, 43,300, 43,100, 42,900
Weekly Pivots:
Weekly Pivot Levels: 43,200, 43,500, 43,800
Daily Pivots:
Daily Pivot Levels: 43,300, 43,400, 43,500
Fibonacci Retracement Levels:
Key Levels: 43,600, 43,400, 43,200
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.
FAQs
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What educational resources does Kohinoor provide? We offer Free Gold Forex Trading Ebooks and Free Kohinoor Free VIP Signals Education Articles & Blog.
What is the best time to trade US30? The best time to trade US30 is during the overlap of the London and New York sessions.
How do I manage risk in US30 trading? Always use strict stop-loss orders and take partial profits.
What is the impact of USD strength on US30 prices? A stronger USD typically puts downward pressure on US30 prices.
How can I learn more about Forex trading? Check our Level 1 Forex Trading Educational Videos.
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