US Wall Street 30(US30USD) Holds Above Level 36065, May Revisit Previous Highs

Updated:

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

US Wall Street 30 (US30USD) Long-term Trend: Bullish
US30USD is above the moving averages. This indicates that the index has a chance of a further upward move. For the past four days, buyers are attempting to push the index to the previous high. In the previous price action, the uptrend was terminated at level 36500. The index declined to the low of level 35926 as bulls bought the dips. A new uptrend is initiated to revisit the previous high. A break above the $36,500 will catapult the index to rally to level 37000. Meanwhile, on November 8 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that US30USD will rise but will reverse at level 1.272 Fibonacci extension or level 37206.30.

US30USD – Daily Chart

US Wall Street 30 Daily Chart Indicators Reading:
US30USD has fallen to level 61 of the Relative Strength Index period 14. The index is in the uptrend zone and capable of a further upward move. The 21-day and 50 –day SMAs are sloping upward indicating the uptrend. The 21-day moving average is acting as support to the price level.

US Wall Street 30 (US30USD) Medium-term Trend: Bullish
On the 4-hour chart, the index is in an upward move. US Wall Street 30 is still facing rejection at level 36500. Meanwhile, on November 15 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates the index will rise to level 2.0 Fibonacci extension or level 36579.80.

US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
US30USD is below the 40% range of the daily stochastic. The market 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 upward move. The uptrend is facing rejection at level 36500. The upward move is likely to resume as the index trades above the moving averages.


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
  • 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.