US Wall Street 30(US30USD) Continues Bullish Run, Targets Level 36500

27 October 2021 | Updated: 27 October 2021

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 as price broke above the moving averages. Also, it has beached the resistance at level 35600. Further upward moves are likely as the index approaches the overbought region of the market. Meanwhile, on October 7 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that US30USD will rise to level 2.0 Fibonacci extension or level 36449.30.

US30USD – Daily Chart

US Wall Street 30 Daily Chart Indicators Reading:
US30USD is at level 64 of the Relative Strength Index period 14. It indicates that it is in the bullish trend zone and approaches the overbought region. 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 a smooth uptrend. The price action is characterized by a small body candlestick. Meanwhile, on October 7 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that US30USD will rise to level 2.618 Fibonacci extension or level 36748.90.

US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
US30USD is below the 80% range of the daily stochastic. The index is in a bearish 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. Though the daily stochastic has indicated an overbought condition, the index is still trending, The current iuptrend s likely to reach the high of level 36700.


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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.