US30 Continues Upward as Price Sets to Invalidate $39,140 Weak High

US30 Analysis – June 18

US30 continues upward as the price sets to invalidate the $39,140 weak high. The Dow Jones Industrial Average’s chart demonstrates a bullish outlook. This bullish outlook is supported by technical indicators such as the 9-day SMA, MACD crossover, and a positive histogram, indicating short-term positive momentum.

US30 Key Levels
Resistance Levels: $40,100, $42,000
Support Levels: $38,020, $37,210
US30 Long-Term Trend: Bullish
Price action analysis reveals several key levels and patterns contributing to the bullish perspective. The index recently broke above a weak resistance level around $39,140, which has now become a support. The significant resistance level at $40,090 is within reach, with the current price around $39,110. The chart also shows a break of structure (BOS) near $40,020, indicating potential for further gains. Key support zones include the areas around $38,180 and $37,210, which have previously acted as bases for price reversals.

Projection-wise, the bullish trend suggests that the index is likely to test the resistance at $40,090 in the near term. If the price sustains above this level, it could aim for higher resistance around $42,000. Given the strong upward momentum and supportive indicators, a break above $40,090 could lead to a rally toward $42,000. However, should there be a pullback, the price may find support around $38,900 or lower at $38,180, providing opportunities for bullish entries on dips. Incorporating the best forex signals can further assist traders in identifying these key levels and making informed decisions.
US30 Short-Term Trend: Bullish
On the four-hour chart, US30 is exhibiting a bullish trend, with strong support at the $38,180 level. The 9-day SMA and MACD line are indicating positive momentum. A break above $39,140 could test resistance at $40,090, potentially leading to further gains.

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