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US30 Daily Market Analysis 30 Oct 2024 by K9 Investments Trading

Writer's picture: K9 InvestmentsK9 Investments
Oct 30, 20243 min read

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The live market price of US30 :42,232 USD.


US30 Intraday Signals by K9 Investments Trading www.k9investmentstrading.com

🥇 Join our FREE Telegram Channel @K9_Investments_GoldTrading

🟢 Buy Signal:

  • Trade Entry: 42,200 USD

  • Stop Loss: 41,950 USD

  • Take Profit 1: 42,400 USD

  • Take Profit 2: 42,550 USD

🔴 Sell Signal:

  • Trade Entry: 42,350 USD

  • Stop Loss: 42,600 USD

  • Take Profit 1: 42,100 USD

  • Take Profit 2: 41,900 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. Not financial advice. Please ensure that you fully understand our Risk Disclosure and use strict Stop Loss and proper risk management.


🔍US30 Market Overview

US30 is trading at 42,232 USD, showing bullish momentum on the daily and 4-hour timeframes. Here’s a detailed breakdown of the key indicators and levels to guide your trading decisions.

🔹 Support & Resistance Levels

On the daily timeframe, key levels to watch:

  • Support 1: 42,000 USD

  • Support 2: 41,800 USD

  • Resistance 1: 42,400 USD

  • Resistance 2: 42,600 USD

On the 4-hour timeframe:

  • Support 1: 42,100 USD

  • Support 2: 41,950 USD

  • Resistance 1: 42,350 USD

  • Resistance 2: 42,500 USD

🔹 Fibonacci Retracement Levels

Using the recent daily swing low of 41,800 USD and swing high of 42,600 USD, important retracement levels to note:

  • 23.6% Retracement: 42,440 USD

  • 38.2% Retracement: 42,300 USD

  • 50% Retracement: 42,200 USD

  • 61.8% Retracement: 42,100 USD

🔹 Exponential Moving Averages (EMA)

On the daily timeframe:

  • 50 EMA: 42,150 USD

  • 100 EMA: 41,900 USD

  • 200 EMA: 41,650 USD

  • 400 EMA: 41,400 USD

On the 4-hour timeframe:

  • 50 EMA: 42,280 USD

  • 100 EMA: 42,180 USD

  • 200 EMA: 42,000 USD

  • 400 EMA: 41,850 USD

🔹 RSI Divergence

On the 4-hour chart, the RSI shows slight bearish divergence, indicating a potential reversal if prices fail to break above the 42,400 USD resistance level.

🔹 Order Blocks & Smart Money Concepts (SMC)

Recent order block formation around 42,200 USD suggests significant buyer interest in this region. Watch for a potential breakout or rejection at this level.


🔹 MACD Analysis

The MACD on the 4-hour chart is nearing a bullish crossover, hinting at further upward momentum if confirmed by price action.


Fundamental Analysis

Looking ahead, the market is keeping an eye on upcoming USD news:

  • Non-Farm Payroll (NFP) Data on 3rd November 2024

  • US GDP Report on 2nd November 2024

These key reports are expected to bring volatility to the US30. Traders should be cautious with their positions and align strategies accordingly.


💡 US30 Daily Analysis Summary by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading

US30

📊 Key Levels Summary

  • Daily Support 1: 42,000 USD

  • Daily Support 2: 41,800 USD

  • Daily Resistance 1: 42,400 USD

  • Daily Resistance 2: 42,600 USD

  • Daily Fibonacci Levels: 23.6% (42,440 USD), 50% (42,200 USD), 61.8% (42,100 USD)

  • 4-Hour Support 1: 42,100 USD

  • 4-Hour Resistance 1: 42,350 USD

  • EMA (Daily): 50 EMA (42,150 USD), 100 EMA (41,900 USD), 200 EMA (41,650 USD)

  • EMA (4-Hour): 50 EMA (42,280 USD), 100 EMA (42,180 USD)

Pivots

  • Weekly Pivot Levels:

  • Pivot 1: 42,150 USD

  • Pivot 2: 41,900 USD

  • Pivot 3: 42,400 USD

  • Daily Pivot Levels:

  • Pivot 1: 42,300 USD

  • Pivot 2: 42,150 USD

  • Pivot 3: 42,450 USD

FAQs

1.Why is K9 Investments the best signal provider?

K9 Investments offers FREE signals, daily market analysis, e books, and trading education to help traders stay ahead in volatile markets. Check out our Free Gold Forex Trading E -books and K9 Trading Education Articles & Blog.

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

Here are trusted brokers based on client feedback:


3.How do I join K9 Investments’ VIP Signal Group?

To join K9 Investments’ VIP Signal Group, visit our website at www.k9investmentstrading.com and follow the instructions to subscribe to our VIP signals or contact us directly via WhatsApp for more details.


4.How can I improve my Forex trading skills?

To improve your Forex trading skills, consider using educational resources like online courses, webinars, and trading articles. Practice with demo accounts, analyze past trades, and join trading communities for sharing strategies and tips.


5.What is the best time to trade US30?

The best time to trade US30 is during the overlap of the London and New York trading sessions, typically between 8 AM and 12 PM EST. This period offers higher volatility and liquidity, providing better trading opportunities.


6.Are there any educational resources for beginner traders?

Yes, K9 Investments offers various educational resources for beginner traders, including free trading articles, e books, and videos. Visit our website for access to these resources and to enhance your trading knowledge.



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