US30 Continues to Move Upwards After Testing the Fib Support 38.20

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US30 price activity is extending its upside move from that of the previous session. Also, signs from trading indicators appear to further predict more upward price increases.

Major Price Levels:
Top Levels: $33,353, $33,400, $33,450
Floor Levels: $33,310, $33,260, $33,200

US30 Continues to Move Upwards After Test the Fib Support 38.20

US30 Price Upside Retracement Continues

The US30 price activities have continued to progress in the upside direction in this ongoing session on the daily chart. Also, technical indicator too still holds significant signs of more upside gains in this market. The lines of the Stochastic RSI still generally maintain their upside path at levels 40 and 34. At the same time, the MACD lines near the equilibrium level keep showing that downside momentum is reducing. Consequently, technical indicators are revealing that the upward price move seems to be fairly on.

US30 Continues to Move Upwards After Test the Fib Support 38.20

US30 Price Increase Seems Ready to Progress, Despite Minimal Selling

The US30 price action on the 4-hour market has reached above the middle limit of the Used Bollinger Band Indicator. The previously said happened with the help of two bullish price candles. However, the ongoing trading session has revealed that a bit of selling activity is occurring. Despite this, the lines of the applied RSI indicator keep moving upward above the 65 level. Also, the MACD curves and histograms continue to grow on the positive side, although with moderate momentum. Nevertheless, price action on the US30 market continues to show upside promise, and the price may move toward the price level $33,450 level.

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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.