US Wall Street 30 Overcomes Initial Resistance, Faces Rejection at Level 37000

Updated:

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

US Wall Street 30 (US30USD) Long-term Trend: Bullish
US Wall Street 30 is in an uptrend but faces rejection at level 37000. The bulls broke the resistance at level 36400, retested it, and resumed the uptrend. The index has reached the high of level 36800 but it is approaching the overbought region of the market. There is a likelihood of further upward movement of the index. Meanwhile, on December 16 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that US30USD will rise to level 2.0 Fibonacci extension or level 38620.40.

US Wall Street 30 Overcomes Initial Resistance, Faces Rejection at Level 37000
US30USD – Daily Chart

US Wall Street 30 Daily Chart Indicators Reading:
US30USD has risen to level 64 of the Relative Strength Index for period 14. The index is in the uptrend zone and capable of a further upward move. It will continue to rise as long as the price bars are above the moving averages. The 21-day and 50 –day SMAs are sloping upward indicating the uptrend.

US Wall Street 30 (US30USD) Medium-term Trend: Bullish
On the 4-hour chart, the index is in an uptrend. it’s price rebounded above level 36380 and breach the resistance at level 36400. The upward move is facing rejection at the level 37000 resistance zone. Meanwhile, on January 4 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests the index will rise to level 1.618 Fibonacci extension or level 37352.90.

 US Wall Street 30 Overcomes Initial Resistance, Faces Rejection at Level 37000
USD30USD – 4 Hour Chart

4-hour Chart Indicators Reading
The index price is above the 21-day line and 50 –day line SMAs indicating a possible upward movement of price. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

General Outlook for US Wall Street 30 (US30USD)
US Wall Street 30 is in an uptrend but faces rejection at level 37000. The market will continue to rise as the resistance at level 36400 is breached. The index is facing another resistance at level 37000.

You can purchase crypto coins here: Buy Tokens


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
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.