US Wall Street 30 (US30USD) Declines, Faces Rejection at Level 33200

30 March 2021 | Updated: 30 March 2021

Key Resistance Zones: 33000, 33500, 34000
Key Support Zones: 26000, 25500, 25000

US Wall Street 30 (US30USD) Long-term Trend: Bullish
US Wall Street 30 is in an uptrend but it is facing resistance at level 33200. The index is also approaching the oversold region. On March 18 a retraced candle body tested the 78.6% Fibonacci retracement level. With this retracement, US30USD is likely to rise to level 1.272 Fibonacci extension but it will reverse. That is the high of level 33863.80.

US30USD – Daily Chart

Daily Chart Indicators Reading:
The 21-day and the 50-day SMAs are sloping upward indicating an uptrend. The index has risen to level 64 of the Relative Strength period 14. It is in an uptrend zone and it is approaching the overbought region.

US Wall Street 30 (US30USD) Medium-term Trend: Bearish
On the 4-hour chart, the index is falling after retesting the resistance at level 33200. On March 26 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. This implies that US30USD is likely to rise to level 1.272 Fibonacci extension or level 33375.50.

US30USD -4 Hour Chart

4-hour Chart Indicators Reading
US30USD is above the 80% range of the daily stochastic. This indicates that price has reached the overbought region of the market. Sellers will emerge in the overbought region. It is likely the index will fall. The SMAs are sloping upward indicating the uptrend.

General Outlook for US Wall Street 30 (US30USD)
US30USD is still trading in the overbought region. Sellers will emerge to push prices down. Presently, the index is facing rejection at level 33200. From the Fibonacci tool, the index has a target price of level 1.272 Fibonacci extension or level 33375 .50.

You can purchase crypto coins here: Buy Coins

Note: Learn2Trade.com 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.