US30 4H : still bullish

OANDA:US30USD   US Wall St 30

New forecast

The index price failed to exceed the 50 moving average axis, forcing it to postpone the upward attack and begin forming strong negative waves yesterday, thus creeping in at the initial stable support at 33450, as shown in the attached drawing.

Therefore the upward scenario will be remain valid and effective as long as price trade above the support zone so we expect the price will rise up supported by the support zone that formed at 33450 - 33600 to help the price to reach 33770 and 33880. taking into account that breach and stabilized under 33450 will end the upward attempts and will lose more points .

The expect range trading for today it will be between the resistance line 33880 and support line 33450 until stabilized .

Additionally ,Today New York sessions will affect on the Indices .

support line : 33600 , 33450
resistance line : 33770 , 33880

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.