US Wall Street 30 (US30USD) Is in an Uptrend, Approaches the Overbought Region

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


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

US Wall Street 30 (US30USD) Long-term Trend: Bullish
US30USD index is in an uptrend as it approaches the overbought region. The index has risen and it is approaching to break above the previous high of level 36500. Meanwhile, on December 13 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the US30USD price will rise to level 2.0 Fibonacci extension or level 38254.20 .

US Wall Street 30 (US30USD) Is in an Uptrend, Approaches the Overbought Region
US30USD – Daily Chart

US Wall Street 30 Daily Chart Indicators Reading:
US30USD is at level 61 of the Relative Strength Index for period 14. It indicates that the market has reached the bullish trend zone. The index is above the centerline 50. The price bars are above the moving averages indicating that the prices are likely to rise. 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 upward move. The bulls are attempting to break above the resistance at 36500. Meanwhile, on December 13 uptrend; a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement suggests that the US30USD price will rise to level 1.618 Fibonacci extension or level 37174.0.

US Wall Street 30 (US30USD) Is in an Uptrend, Approaches the Overbought Region
US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
US Wall Street 30 is above the 80% area of the daily stochastic. The index is in the overbought region of the market. Sellers are likely to emerge in the overbought region of the market. The price bars are above the 21-day SMA and the 50-day SMAs indicating a possible rise of the index. 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 as it approaches the overbought region . The index is retesting to break the resistance at level 36500. The index has reached an overbought region of the market.

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 result

  • 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

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.

Leave a Reply

Your email address will not be published. Required fields are marked *