TheTrade_Academ

US30 capped below 24233.

OANDA:US30USD   US Wall St 30
US30 has recovered today on trading war softening stance, and rising shares in technology sector. Knowing that we are at the end of month and heading towards Easter Holidays we may see pause in the move, and also from technical perspective the US30 still looks bearish , the MACD confirms it on a 1D chart and also the trading volume is lower than expected to be. As we are heading towards 242333 important resistance, point form a confluence of resistance and support trend line we may see more bears appearing. If the border at the level mentioned is broken we look towards 24600. At the moment price in range between support 23970 and 24233 resistance. At the beginning of the new month we may see again higher volatility as we expect high risk economic data releases.


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Comment: -"As we are heading towards (242333) it is 24233 important resistance"-
Comment: Price moved as shown in the original comment, now sliding even more, as tech was leading yesterday, today it crushed with vengeance. Price low at 23720! Caution!
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