US Wall Street Reaches the Overbought Region as It Fluctuates Below 32005.50

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 Trends: Bullish
US Wall Street 30 is in an uptrend as it fluctuates below 32005.50. The index has risen to the high of level 31867.50 on July 19. For the past 48 hours, the upward move has stalled as the index resumed fluctuation below the recent high. From every indication, if the bulls succeed in breaking the recent high, the market will rise to the high of 33277. On the downsides, if it retraces below the moving average lines, the index will resume selling pressure.

US Wall Street Reaches the Overbought Region as It Fluctuates Below 32005.50
US30USD – Daily Chart

US Wall Street 30 Daily Chart Indicators Reading:
US30USD is at level 57 of the Relative Strength Index for period 14. It indicates that the index is in the uptrend zone and may further rise to the upside. The index’s price is above the moving averages lines indicating a possible decline. The 21-day SMA and the 50-day SMA are sloping southward indicating a downtrend.

US Wall Street 30 (US30USD) Medium-term Trend: Bearish
On the 4-hour chart, US30USD is in an uptrend as the price breaks above the moving average. The current uptrend will be short-lived as the reaches the overbought region. Meanwhile, on July 18 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests that US30USD will rise at level 1.618 Fibonacci extension or 32354.40.

US Wall Street Reaches the Overbought Region as It Fluctuates Below 32005.50
US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 80% range of the daily stochastic. It indicates that the market has reached the overbought region. The uptrend has reached bullish exhaustion. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for US Wall Street 30 (US30USD)
US Wall Street 30 is in an uptrend as it fluctuates below 32005.50. The uptrend will continue if price remains above the moving average lines. The current trend will reached the high of level 32354.40.

You can purchase crypto coins here: Buy LBlock



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 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

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 *