US Wall Street 30 (US30USD) Is in an Uptrend, Targets Level 34320
Login

US Wall Street 30 (US30USD) Is in an Uptrend, Targets Level 34320

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Key Resistance Zones: 34000, 34500, 35000
Key Support Zones: 27000, 26500, 26000

US Wall Street 30 (US30USD) Long-term Trend: Bullish
Since June 21, the selling pressure has subsided as the index resumed an uptrend. US Wall Street 30 fell to the low of 33197.50 and resumed an upward move.US30USD has reached level 34207. The upward move is facing resistance at the 50-day SMA. On the upside, if price breaks above the moving averages, the index will resume an uptrend. Otherwise, the market will be in the bearish trend zone.

US30USD – Daily Chart

Daily Chart Indicators Reading:
US Wall Street 30 has risen to level 49 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day and 50 –day SMAs are sloping upward indicating the uptrend.

US Wall Street 30 (US30USD) Medium-term Trend: Bearish
On the 4-hour chart, the index is presently retracing. Meanwhile, on June 24 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that US30USD is likely to rise to level 1.618 Fibonacci extension or level 34311.00. From the price action, the index is trading at level 34228.

US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
US30USD is above the 80% range of the daily stochastic. It indicates that the market is in a bullish momentum. Also, it has reached the overbought region. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

General Outlook for US Wall Street 30 (US30USD)
US30USD is in an uptrend. According to the Fibonacci tool, US30USD will rise to level 1.618 Fibonacci extension or level 34311. Meanwhile, the index is now trading in the overbought region.

You can purchase crypto coins here: Buy Tokens



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
  • 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