US30 Reveals Increased Buying Pressure Amid Bullish Continuation Setup

US30 Analysis – June 3

US30 reveals increasing buying pressure within a bullish continuation setup. The daily MACD indicator shows sustained upward momentum, with the MACD line positioned above the signal line. However, the recent flattening of both lines suggests a potential pause or sideways consolidation before another significant move. Although the histogram indicates a reduction in bullish strength, there is currently no sign of a bearish reversal. Meanwhile, the price continues to trade above the 9-day Simple Moving Average, which is climbing near $42,100—reinforcing a short-term bullish outlook.

US30 Key Levels

Resistance Levels: $41,740, $42,880, $45,100
Support Levels: $38,400, $36,500, $35,710

US30 Long-Term Trend: Bullish

The US30 (Dow Jones Industrial Average) recently bounced from a significant order block near $38,400 and has since formed a higher low around $41,740. This level now serves as a launchpad for further price gains. Since the recovery in April, price action has maintained a consistent fractal pattern, with a short-term resistance zone near $42,880. Candlestick behavior in this area indicates buyer dominance over sell-side liquidity, highlighting strong underlying demand.

Considering the current technical setup, the outlook for US30 remains bullish. A confirmed breakout and close above the $42,880 resistance could trigger a further rally toward the key psychological level of $45,100, which aligns with previous historical highs. This bullish scenario is further validated by the MACD’s positive divergence and recent support around the $41,740 order block. However, failure to sustain levels above $42,000 could lead to temporary volatility before the broader uptrend resumes. Traders seeking quality forex signals may find this setup particularly valuable.

US30 Short-Term Trend: Bullish

US30 maintains a bullish outlook on the four-hour chart, bolstered by a strong bounce from the $41,750 order block. The price is currently consolidating just below the $42,880 resistance level, forming a potential ascending triangle pattern.

The 9-period SMA around $42,110 continues to act as dynamic support, indicating ongoing buying interest. MACD is gradually turning upward, signaling a potential bullish breakout toward the $44,000 region.

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