US30 2/2 Summary of Key Levels
Daily & 4-Hour Support and Resistance
Daily Support Levels: 43,748, 43,500, 43,200
Daily Resistance Levels: 44,000, 44,500, 44,866
4-Hour Support Levels: 43,700, 43,600, 43,400
4-Hour Resistance Levels: 43,900, 44,200, 44,400
Exponential Moving Average (EMA) Levels
Daily Time Frame
EMA 50: 43,900
EMA 100: 43,750
EMA 200: 43,500
EMA 400: 43,300
4-Hour Time Frame
EMA 50: 43,800
EMA 100: 43,700
EMA 200: 43,600
EMA 400: 43,400
Weekly & Daily Pivots
Weekly Pivots:
Pivot Point: 43,800
Resistance 1: 44,200
Support 1: 43,600
Daily Pivots:
Pivot Point: 43,750
Resistance 1: 44,000
Support 1: 43,500
Fibonacci Retracement Levels
23.6% Level: 43,900
38.2% Level: 44,200
61.8% Level: 44,600
Fundamental Analysis and Upcoming USD News 📈
As we look ahead, it is crucial to consider upcoming economic events that could impact the US30 index. Key USD news scheduled for the coming weeks includes:
Non-Farm Payrolls (NFP): Scheduled for the first Friday of the month, this report provides insights into job growth and can significantly influence market sentiment.
Federal Reserve Meetings: Any announcements regarding interest rates or monetary policy changes can lead to increased volatility in the markets.
Inflation Reports (CPI): These reports will be closely watched as they provide insights into the purchasing power of the USD and can affect investor confidence.
Traders should remain vigilant and consider these events when analyzing market trends.
Conclusion
In summary, the US30 index is currently navigating through critical support and resistance levels, with various technical indicators providing insights into potential market movements. The combination of Fibonacci levels, EMA, RSI divergence, and order blocks will be essential for traders looking to capitalize on market opportunities. Additionally, keeping an eye on upcoming economic news will be vital for making informed trading decisions.
