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Current Market Overview
As of today, the live market price for the US30 index is $42,628. This analysis will delve into the daily and 4-hour time frames, utilizing various technical indicators to provide a comprehensive understanding of market dynamics.
Market Analysis
🔍 Support & Resistance Levels
Understanding support and resistance levels is crucial for trading effectively. On the daily timeframe, we observe:
Daily Support Levels:
$42,000
$42,300
$42,500
Daily Resistance Levels:
$42,800
$43,000
$43,200
On the 4-hour timeframe, the levels adjust slightly:
4-Hour Support Levels:
$42,400
$42,500
$42,600
4-Hour Resistance Levels:
$42,700
$42,900
$43,100
Fibonacci Retracement Levels
Using Fibonacci retracement levels, we can identify potential reversal points in the market. The daily swing levels indicate:
Fibonacci Levels:
23.6% at $42,800
38.2% at $42,600
61.8% at $42,400
Exponential Moving Averages (EMA)
The Exponential Moving Averages (EMA) on both daily and 4-hour time frames provide insights into market trends:
Daily EMA Levels:
EMA 50: $42,500
EMA 100: $42,300
EMA 200: $42,000
EMA 400: $41,800
4-Hour EMA Levels:
EMA 50: $42,600
EMA 100: $42,700
EMA 200: $42,800
EMA 400: $42,900
RSI Divergence
The Relative Strength Index (RSI) shows divergence patterns that can signal potential reversals. Currently, the RSI is at 68, indicating overbought conditions. Traders should watch for potential corrections.
Order Blocks
Identifying order blocks helps traders understand where significant buying or selling has occurred. Key order blocks on the daily chart are located around $42,500 and $42,800.
MACD Analysis
The Moving Average Convergence Divergence (MACD) indicator is currently bullish, with the MACD line above the signal line, suggesting upward momentum in the US30 market.
Summary of Key Levels
💡 US30 Daily Analysis Summary by K9 Investments Trading – Contact Us 🥇 Join our FREE Telegram Channel: @K9_Investments_GoldTrading
Key Levels:
Daily Support and Resistance:
Support: $42,000, $42,300, $42,500
Resistance: $42,800, $43,000, $43,200
Exponential Moving Average (EMA) Levels:
Daily:
EMA 50: $42,500
EMA 100: $42,300
EMA 200: $42,000
EMA 400: $41,800
4-Hour:
EMA 50: $42,600
EMA 100: $42,700
EMA 200: $42,800
EMA 400: $42,900
Weekly Pivots:
Pivot Point: $42,600
Resistance Levels: $42,800, $43,000
Support Levels: $42,400, $42,200
Daily Pivots:
Pivot Point: $42,700
Resistance Levels: $42,800, $42,900
Support Levels: $42,500, $42,400
Fibonacci Retracement Levels:
23.6%: $42,800
38.2%: $42,600
61.8%: $42,400
Fundamental Analysis
📈 Upcoming important USD news that could impact the US30 market includes:
U.S. Non-Farm Payrolls Report: Scheduled for next week, this report may affect market volatility.
Federal Reserve Interest Rate Decision: Expected later this month, could have significant implications for US30 prices.
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