US30 Continues Upward as Price Bounces at Demand Zone

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.


Market Analysis – June 7 

US30 continues upward as the price bounces at the demand zone of $38019.0. Notably, on the daily chart, US30 has always been reacting towards the $38019.0 price level. The occurrence of the BOS (Break of Structure) at $40022.0 indicates that the market’s overall trend is bullish. However, the bullish move is not quite impressive, as major retracements clear out the majority of the gains at every trading range.

US30 Key Levels

Resistance Levels: $40095.0, $42000.0
Support Levels: $38019.0, $37211.0

US30 Continues Upward as Price Bounces at Demand Zone

US30 Long-Term Trend: Bullish

The occurrence of the BOS (Break of Structure) at $40022.0 indicates that the market’s overall trend is bullish. This signal suggests that the market is poised for upward movement, showing a positive sentiment among market participants. However, despite this bullish trend, the momentum is not particularly strong or convincing. Major retracements are frequently occurring, which means that after each rise, there are significant pullbacks that erase most of the gains achieved within each trading range.
 
Consequently, while the overall direction points upwards, the market is struggling to maintain consistent upward progress due to these regular and substantial corrections. As the price continues upward, another retracement is highly probable as the price reaches the bearish order block around the $40000.0 psychological level. The retracement might last till the price bounces off the breaker block around $39000.0 price level.

US30 Continues Upward as Price Bounces at Demand Zone

US30 Short-Term Trend: Bullish

On the four-hour chart, the market is currently bullish. Following the upward move out of the bullish order block, the market continued its uptrend in fractals. The fractal moves led to an MSS (Market Structure Shift), further confirming that the bulls now have more control over the bears. The bullish trend is expected to continue, at least until the price reaches $39484.0.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade 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 *