US30 Buyers Regain Control as Bullish Sentiment Prevails

Market Analysis – February 8th

US30 buyers regain control as bullish sentiment prevails. The US30 has experienced a recent resurgence as buyers have chosen to reclaim strength in the market. Despite a setback caused by sellers just yesterday, the bullish sentiment that has been holding out for a while remains intact. This can be traced back to the significant level of 32,304.000. This is where buyers fought a battle of recovery and managed to push the market into new highs.

US30 Key Zones

Resistance Zones: 38774.000, 37961.000
Support Zones: 34823.000, 33907.000

US30 Long-Term Trend: Bullish

However, it is important to note that the US30 market, which has been growing in momentum, has gradually slowed down. Sellers caused the recent setback, attributing this slowdown to them.

Despite this, the buyers are currently fighting back and showing resilience. The Parabolic SAR (Stop and Reverse) indicator still shows a bullish arrangement in the daily chart. It indicates that buyers are determined to maintain the strong trend. Traders are likely to see a stronger pace if a breakthrough manages to pull out this week.

US30 Short-Term Trend: Bullish

Looking ahead, the intention of the buyers this week is to seek a breakthrough beyond the significant level of 38,774.000. If they are successful in surpassing this key level, it would confirm a more bullish extension into the new month. Traders can utilize the best forex signals to gain insights and potentially capitalize on these breakthroughs.

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