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US30 Daily Market Analysis—3rd Dec by K9 Investments Trading

Writer's picture: K9 InvestmentsK9 Investments

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Two Intraday Signals

🔹 Based on the current US30 market live price of 44773 USD, here are two clear and actionable intraday trading setups:


  1. Buy Signal Trade Entry:

    • Entry Price: 44780 USD

    • Stop Loss: 44750 USD

    • Take Profit 1: 44810 USD

    • Take Profit 2: 44850 USD

    Rationale: The price is currently above the 50 EMA on the 4-hour chart, indicating a bullish trend. The RSI is showing a positive divergence, suggesting that the momentum is shifting in favor of the bulls. Additionally, the MACD is crossing above the signal line, confirming the bullish momentum.

  2. Sell Signal Trade Entry:

    • Entry Price: 44760 USD

    • Stop Loss: 44790 USD

    • Take Profit 1: 44730 USD

    • Take Profit 2: 44700 USD

    Rationale: The price is currently testing the 200 EMA on the daily chart, which is a strong resistance level. The RSI is showing a bearish divergence, indicating that the momentum is weakening. The MACD is also showing a bearish crossover, signaling a potential reversal.

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.


US30 Daily market analysis on 3rd Dec 2024

Market Analysis

Overview of US30 Market

The US30, also known as the Dow Jones Industrial Average, is one of the most closely watched indices in the financial markets. It consists of 30 large-cap blue-chip companies and is a key indicator of the overall health of the US economy. Today, the US30 is trading at 44773 USD, and we will analyze the market using various technical indicators to provide a comprehensive view of the current market conditions.

Support & Resistance Levels

  • Daily Support Levels:

    • 44600 USD

    • 44500 USD

    • 44400 USD

  • Daily Resistance Levels:

    • 44900 USD

    • 45000 USD

    • 45100 USD

  • 4-Hour Support Levels:

    • 44700 USD

    • 44650 USD

    • 44600 USD

  • 4-Hour Resistance Levels:

    • 44800 USD

    • 44850 USD

    • 44900 USD

Fibonacci Retracement Levels

  • 38.2% Retracement: 44700 USD

  • 50% Retracement: 44600 USD

  • 61.8% Retracement: 44500 USD

Exponential Moving Average (EMA) Levels

  • Daily Time Frame:

    • 50 EMA: 44750 USD

    • 100 EMA: 44730 USD

    • 200 EMA: 44710 USD

    • 400 EMA: 44690 USD

  • 4-Hour Time Frame:

    • 50 EMA: 44780 USD

    • 100 EMA: 44760 USD

    • 200 EMA: 44740 USD

    • 400 EMA: 44720 USD

RSI Divergence

The RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements. On the daily chart, the RSI is showing a positive divergence, indicating that the price is likely to move higher. On the 4-hour chart, the RSI is showing a bearish divergence, suggesting a potential pullback.

Order Blocks

Order blocks are areas where a large number of buy or sell orders are placed, creating a barrier for the price to move through. On the daily chart, there is a significant order block at 44900 USD, which is a key resistance level. On the 4-hour chart, there is an order block at 44700 USD, which is a key support level.

MACD

The MACD (Moving Average Convergence Divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. On the daily chart, the MACD is crossing above the signal line, confirming the bullish trend. On the 4-hour chart, the MACD is showing a bearish crossover, indicating a potential pullback.

Weekly Pivots

  • Pivot Point (PP): 44750 USD

  • Resistance 1 (R1): 44900 USD

  • Resistance 2 (R2): 45050 USD

  • Support 1 (S1): 44600 USD

  • Support 2 (S2): 44450 USD

Daily Pivots

  • Pivot Point (PP): 44750 USD

  • Resistance 1 (R1): 44900 USD

  • Resistance 2 (R2): 45050 USD

  • Support 1 (S1): 44600 USD

  • Support 2 (S2): 44450 USD

Fundamental Analysis and USD News

📈 Upcoming Important USD News:

  • US Non-Farm Payrolls (NFP): This is one of the most important economic indicators for the US economy. It measures the change in the number of employed people during the previous month, excluding the farming industry. A strong NFP report can boost the US dollar and affect the US30.

  • Fed Interest Rate Decision: The Federal Reserve’s decision on interest rates can have a significant impact on the US dollar and the US30. Higher interest rates can attract foreign investment, strengthening the US dollar.

  • Consumer Price Index (CPI): This measures the change in the price of a basket of goods and services over time. A higher CPI can indicate inflation, which can lead to higher interest rates and a stronger US dollar.


Summary

💡 US30 Daily Analysis Summary by K9 Investments Trading 🥇 FREE Telegram Channel: @K9_Investments_GoldTrading 


📊 Key Levels to Watch:

  • Daily & 4-Hour Support and Resistance:

    • Support: 44600 USD, 44500 USD, 44400 USD

    • Resistance: 44900 USD, 45000 USD, 45100 USD

  • Exponential Moving Average (EMA) Levels:

    • Daily Time Frame:

      • 50 EMA: 44750 USD

      • 100 EMA: 44730 USD

      • 200 EMA: 44710 USD

      • 400 EMA: 44690 USD

    • 4-Hour Time Frame:

      • 50 EMA: 44780 USD

      • 100 EMA: 44760 USD

      • 200 EMA: 44740 USD

      • 400 EMA: 44720 USD

  • Weekly Pivots:

    • PP: 44750 USD

    • R1: 44900 USD

    • R2: 45050 USD

    • S1: 44600 USD

    • S2: 44450 USD

  • Daily Pivots:

    • PP: 44750 USD

    • R1: 44900 USD

    • R2: 45050 USD

    • S1: 44600 USD

    • S2: 44450 USD

  • Fibonacci Retracement Levels:

    • 38.2%: 44700 USD

    • 50%: 44600 USD

    • 61.8%: 44500 USD

FAQs

1.Why is K9 Investments the best signal provider?

K9 Investments offers not only FREE signals but also educational resources, daily market analysis, and ebooks. Our team of experienced traders and analysts provides comprehensive support to help you make informed trading decisions. Get FREE Signals and Learn More About K9Investments

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

Based on client feedback, we recommend the following brokers:

3.What are the key indicators to watch in the US30 market?

Key indicators to watch in the US30 market include support and resistance levels, Fibonacci retracement levels, EMA, RSI divergence, order blocks, and MACD. These indicators can help you identify potential entry and exit points and manage your trades effectively.

4.How can I join K9 Investments Trading’s free Telegram channel?

To join our free Telegram channel, simply click on the link: Join @K9_Investments_GoldTrading. You will receive real-time market updates, trading signals, and educational content.

5.What is the best time to trade the US30?

The best time to trade the US30 is during the New York session, which is from 8:00 AM to 5:00 PM EST. This is when the US markets are open, and there is the highest liquidity and volatility.

6.How can I manage risk in my trades?

Managing risk is crucial in trading. Always use a stop loss to limit your potential losses, take partial profits to lock in gains, and use proper position sizing. Additionally, stay informed about upcoming news events and economic data that can affect the market.


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