US30 Continues Downward Trend With Bearish Indicators

US30 Analysis – March 11

US30 maintains its downward trend as bearish indicators and weak support persist. The 9-day SMA at $42,740 continues to decline, reinforcing the bearish sentiment. The MACD histogram exhibits increasing negative momentum, highlighting strong selling pressure. The price remains below the moving average, indicating that buyers are struggling to regain control. The absence of bullish divergence further supports the continuation of the downtrend.

US30 Key Levels

Resistance Levels: $45,100, $47,000, $48,000
Support Levels: $41,680, $39,980, $38,400

US30 Long-Term Trend: Bearish

The price action confirms a decisive break below the $41,680 support level, signaling a shift in market structure to bearish. The market previously attempted a retracement into a mitigation block near $42,740 but failed to sustain upward momentum. This rejection from the mitigation block underscores the dominance of sellers. With the next significant support at $39,980, the index remains vulnerable to further declines.

If selling pressure continues, US30 is likely to extend its decline toward the $39,980 support level in the coming sessions. A breakdown below this zone could expose the market to deeper losses, with the next critical support at $38,400. However, a short-term pullback toward $41,680 before further declines remains a possibility. As long as the price remains below $43,000, the bearish outlook persists. Traders looking for forex signals should monitor price movements carefully for potential opportunities.

US30 Short-Term Trend: Bearish

US30 indicates a possible retracement after breaking below $41,680. The price may reclaim liquidity above the recent swing high near $42,080 before resuming its bearish trajectory.
A short-term rebound toward the mitigation block in the $42,800 region is anticipated as buyers attempt to step in. However, unless the market structure shifts to bullish, the overall bearish trend remains intact, with a potential continuation toward $39,980 following the retracement.

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