US Wall Street 30 Falls From Its Recent High as It Targets the 31087 Low
Login

US Wall Street 30 Falls From Its Recent High as It Targets the 31087 Low

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Key Resistance Zones: 35000, 35500, 36000
Key Support Zones: 27000, 26500, 26000

US Wall Street 30 (US30USD) Long-term Trends: Bearish
The US Wall Street 30 index falls below the moving average lines from its recent high as it targets the 31087 low. The index has been trapped between the moving average lines since December 19. The bears began the negative movement on December 28 by breaking below the 50-day line SMA. The index rose after a downward correction on December 20 and a candle body that tested the 61.8% Fibonacci retracement line. The US30USD will fall to 31087.10, or 1.618 Fibonacci extension, following the correction.

US Wall Street 30 Falls From Its Recent High as It Targets the 31087 Low
US30USD – Daily Chart

US Wall Street 30 Daily Chart Indicators Reading:
In terms of the Relative Strength Index for period 14, the US30 USD is now trading at level 48. As the index is in the bearish trend zone, it suggests that it may continue to decrease. The price bars are below the moving average lines, indicating that the price will continue to fall. The upward-sloping moving average lines show the prior trend.

US Wall Street 30 (US30USD) Medium-term Trend: Bearish
The US30USD is declining on the 4-hour chart as it encounters resistance at level 33250. US30USD established support above level 32500 on December 20 but has since started to move sideways again. The index has been moving in a range between levels 32500 and 33500 since December 16.

US Wall Street 30 Falls From Its Recent High as It Targets the 31087 Low
US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
Over level 40 of the daily Stochastic, the index is moving in a bullish direction. The 50-day and 21-day lines’ SMAs are sloped downward. As the index starts heading higher again, the price bars are above the moving average lines.

General Outlook for US Wall Street 30 (US30USD)
The US30USD is likely to continue falling from its recent high as it targets the 31087 low. The current movement of the Wall Street 30 index is below the moving average lines. Sellers have broken below the SMAs which indicates downward price movement.

You can purchase crypto coins here: Buy LBLOCK


Note: Learn2Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News