SroshMayi

US30 (Consolidation zone)

OANDA:US30USD   US Wall St 30
Technical Analysis

The price increased by approximately 1.95%, perfectly reaching our previously mentioned targets.

  • Today’s Outlook: The price is expected to consolidate between 38,580 and 38,790 until a breakout occurs.

  • Bearish Scenario: If the price breaks below the support level at 38,580, it could decline to 38,400. Sustained trading below this level may lead to a further drop to 38,050.

  • Bullish Scenario: Stability above 38,790 indicates a potential bullish trend, targeting 39,050.

    Pivot Line: 38580
    Resistance Levels: 38790, 39050, 39350
    Support Levels: 38410, 38020, 37820

    Today's expected movement range is between the support level at 38400 and the resistance level at 39050

    previous idea:

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