US30 Poised For Continued Upside As Indicators Drive Momentum

US30 Analysis – May 20

US30 is poised for continued upside as indicators drive momentum. The MACD (Moving Average Convergence Divergence) indicator has transitioned into a bullish regime. The MACD line has risen above the signal line, and the histogram is consistently displaying green bars, indicating strengthening upward momentum. Price action remains firmly above the 9-day SMA (Simple Moving Average), currently hovering around $41,780, which now serves as a dynamic support level. This alignment of momentum and trend indicators highlights buyer dominance and supports the broader bullish outlook.

US30 Key Levels

Resistance Levels: $41,740, $45,100, $47,000
Support Levels: $38,400, $36,500, $35,710

US30 Long-Term Trend: Bullish

On the price chart, US30 has achieved a notable breakout above the descending trendline near $41,740, successfully retesting and establishing it as support. Earlier in the market cycle, the index discovered strong demand around the $38,400 zone, which initiated the current upward move. The sequence of higher lows and higher highs since early May reflects ongoing accumulation by institutional players at elevated price levels.

Looking ahead, the next significant upside target is approximately $45,100—an area aligned with previous swing highs and a potential zone for profit-taking. A further advance toward $47,000 is possible if the index sustains its bullish formation and remains above the $41,780 level. As long as US30 holds above its ascending trendline and the 9-day SMA, the prevailing momentum suggests continued strength. Traders may consider incorporating forex signals as part of a broader strategy to navigate this uptrend effectively.

US30 Short-Term Trend: Bullish

US30 maintains a bullish outlook on the 4H chart, with a break of structure near $42,500 confirming upward momentum. The price has retested $41,740, forming a higher low above the 9-period SMA.
The recent breakout from the trendline has held firmly, providing a solid foundation for the current rally. The MACD remains bullish, with further upside potential toward the $45,000 level.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.