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US30 Daily Market Analysis—Dec 17, 2024 by K9 Investments Trading

Writer's picture: K9 InvestmentsK9 Investments

Updated: 5 days ago

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Current Market Overview

The current live market price of US30 stands at 43,697 USD. In this analysis, we will provide two actionable intraday trading setups based on comprehensive market indicators and trends.

Intraday Signals

Buy Signal

  • Trade Entry: 43,700 USD

  • Stop Loss: 43,500 USD

  • Take Profit 1: 44,000 USD

  • Take Profit 2: 44,300 USD

Sell Signal

  • Trade Entry: 43,650 USD

  • Stop Loss: 43,850 USD

  • Take Profit 1: 43,400 USD

  • Take Profit 2: 43,200 USD

Market Analysis

Support & Resistance Levels

In our analysis, we have identified crucial support and resistance levels:

  • Daily Support Levels:

    • 43,500 USD

    • 43,600 USD

    • 43,700 USD

  • Daily Resistance Levels:

    • 43,800 USD

    • 44,000 USD

    • 44,200 USD

Fibonacci Retracement Levels

Utilizing the Fibonacci retracement tool on the daily swing levels, we find:

  • 23.6% Level: 43,800 USD

  • 38.2% Level: 43,600 USD

  • 61.8% Level: 43,400 USD

Exponential Moving Averages (EMA)

The EMA levels for both daily and 4-hour timeframes are as follows:

Daily EMA Levels

  • 50 EMA: 43,650 USD

  • 100 EMA: 43,550 USD

  • 200 EMA: 43,400 USD

  • 400 EMA: 43,300 USD

4-Hour EMA Levels

  • 50 EMA: 43,700 USD

  • 100 EMA: 43,600 USD

  • 200 EMA: 43,500 USD

  • 400 EMA: 43,400 USD

RSI Divergence

The Relative Strength Index (RSI) currently sits at 58, indicating a bullish sentiment. If it crosses above 60, we may see further upward momentum.

Order Blocks

Key order blocks identified include:

  • Buy Order Block: 43,500 USD

  • Sell Order Block: 43,800 USD

MACD Analysis

The MACD shows a bullish crossover, suggesting potential upward movement in the US30 index. This aligns with our buy signal, reinforcing the possibility of reaching our first take profit target.


the mind map based on the US30 Daily Analysis Summary for December 17, 2024

Summary

💡 US30 Daily Analysis Summary by K9 Investments Trading – WhatsApp Us 

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Key Levels

  • Daily Support and Resistance:

    • Support: 43,500 USD, 43,600 USD

    • Resistance: 43,800 USD, 44,000 USD

  • Exponential Moving Average (EMA) Levels:

    • Daily:

      • 50 EMA: 43,650 USD

      • 100 EMA: 43,550 USD

      • 200 EMA: 43,400 USD

      • 400 EMA: 43,300 USD

    • 4-Hour:

      • 50 EMA: 43,700 USD

      • 100 EMA: 43,600 USD

      • 200 EMA: 43,500 USD

      • 400 EMA: 43,400 USD

  • Weekly Pivots:

    • Pivot Point: 43,600 USD

    • Support: 43,400 USD, 43,500 USD

    • Resistance: 43,800 USD, 44,000 USD

  • Daily Pivots:

    • Pivot Point: 43,700 USD

    • Support: 43,600 USD, 43,500 USD

    • Resistance: 43,800 USD, 44,000 USD

  • Fibonacci Levels:

    • 23.6%: 43,800 USD

    • 38.2%: 43,600 USD

    • 61.8%: 43,400 USD

Fundamental Analysis and USD News

📈 Upcoming important USD news includes the Federal Reserve's interest rate decision, which could significantly impact the US30 market. Traders should stay alert for these announcements, as they can lead to increased volatility.

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. Check out our Free Gold Forex Trading Ebooks.

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  3. What educational resources does K9 Investments provide? K9 Investments offers a variety of educational resources, including trading articles and eBooks. Explore our Free K9 Trading Education Articles & Blog.

  4. How can I join the K9 Investments Telegram Channel? You can join our FREE Telegram Channel by searching for @K9_Investments_GoldTrading or clicking here.

  5. What are the benefits of trading Forex? Trading Forex offers high liquidity, 24-hour market access, and the potential for significant profits.

  6. What is the importance of technical analysis in trading? Technical analysis helps traders make informed decisions based on historical price movements and market trends.

  7. How does K9 Investments ensure the accuracy of its signals? Our team uses advanced algorithms and market analysis techniques to provide accurate and timely trading signals.

  8. What risk management strategies should I employ? Always use strict stop-loss orders, take partial profits, and trade with money you can afford to lose.

Conclusion

For more insights and daily updates, visit K9 Investments Trading.

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.


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