US30 Shows Weakness As Sellers Reclaim Short Term Control

US30 Analysis – April 22

US30 displays signs of weakness as sellers regain short-term control. The 9-day Simple Moving Average (SMA) is trending downward and currently hovers around $39,650, reinforcing the prevailing short-term bearish outlook. The Stochastic Oscillator has also crossed downward from the overbought region and now sits around 38.2, indicating increasing bearish momentum. This alignment between the moving average and oscillator weakness confirms a decline in bullish strength as sellers assert dominance in the market.

US30 Key Levels

Resistance Levels: $40,660, $42,830, $45,100
Support Levels: $38,400, $36,500, $35,710

US30 Long-Term Trend: Bearish

Price action shows a clear rejection near the $40,660 resistance zone, which aligns with the 61.8% Fibonacci retracement level of the prior downturn. The failed retest of this zone, marked by a strong bearish candlestick, confirms its role as a supply area. After this rejection, price broke below the $39,660 level and is now consolidating near the $38,830 area. This decline follows an unsuccessful attempt to reclaim the previous range high, suggesting a continued move lower.
With momentum turning negative and resistance holding firm, US30 appears set for further losses. Immediate support rests near $38,400, and a decisive break below that point could accelerate the drop toward $36,500. If bearish momentum persists, the price could eventually test the $35,710 level. A lower high has already formed, and with technical indicators shifting bearish, the bias remains tilted to the downside. Traders leveraging forex signals may monitor these levels closely for confirmation of continued weakness.

US30 Short-Term Trend: Bearish

US30 maintains a bearish tone as price remains below the 9-period SMA, which is currently sloping downward around $39,340. A newly formed mitigation block near the $39,000 psychological level may act as resistance, further reinforcing the supply zone. Price is now approaching the $38,400 support level, and a breakdown below this area could validate further downside potential. The expected move would target the $36,500–$35,710 demand zone, consistent with the broader bearish market structure.

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