US Wall Street 30(US30USD) Breaks Resistance at Level 35400, Targets Levels 36300

Updated:

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

US Wall Street 30 (US30USD) Long-term Trend: Bullish
US30USD is an uptrend. The index price has broken the resistance at level 35400. The market reached the high of level 35902 and pulled back. The index is rising on the upside as it reaches the overbought region. Meanwhile, on October 26 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that US30USD will rise but reverse at level 1.272 Fibonacci extension or level 36426.

US30USD – Daily Chart

US Wall Street 30 Daily Chart Indicators Reading:
US30USD is at level 66 of the Relative Strength Index period 14. US Wall Street 30 is approaching the overbought region. The current uptrend is reaching bullish exhaustion. 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. The market has reached the high of level 36010. The uptrend will continue as price retests the trend line and resumes upward.

US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
US30USD is above the 80% range of the daily stochastic. The index is in a bullish momentum. 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. The index is approaching the overbought region. The market is presently retracing after reaching the high of level 36097. Further upward move is likely on the upside.


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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.