📊 US30 20th January 2025 Daily Analysis Based on Main Key Levels
- Neom
- Jan 20
- 2 min read
Introduction
In the dynamic world of trading, understanding market movements is essential for success. This blog presents a comprehensive analysis of US30, focusing on crucial resistance and support levels, along with actionable trade setups based on technical analysis.
Current Market Overview
US30 is currently trading at a Daily Current Market Price (DCMP) of 43,493. This analysis will help traders identify potential entry and exit points, ensuring they capitalize on market fluctuations effectively.
Key Levels Summary
Resistance Levels Above DCMP (43,493)
🔺 Resistance 1: 43,664
🔺 Resistance 2: 44,113
🔺 Resistance 3: 44,840
Support Levels Below DCMP (43,493)
🟢 Support 1: 42,938
🟢 Support 2: 42,211
🟢 Support 3: 41,762
Swing Levels
📊 Swing High: 45,065
📊 Swing Low: 41,733
Trade Setups
Intraday Buy Trade Setup
🔹 Entry Price: ✨ 42,938
🔹 Stop Loss: ❌ 42,500
🔹 Take Profit 1: 🎯 43,200
🔹 Take Profit 2: 🎯 43,400
Reason for Entry:
The support level at 42,938 is below the DCMP, establishing a strong buying zone. This level aligns with Fibonacci retracement and technical support, indicating potential for upward movement.
Intraday Sell Trade Setup
🔹 Entry Price: ✨ 43,664
🔹 Stop Loss: ❌ 44,000
🔹 Take Profit 1: 🎯 43,400
🔹 Take Profit 2: 🎯 43,200
Reason for Entry:
The resistance level at 43,664 is above the DCMP, indicating a strong selling zone. This level aligns with Fibonacci extension and technical resistance, suggesting potential for downward movement.
Analysis Summary
Resistance and Support Levels: Key levels derived from technical analysis indicate potential reversal zones.
Fibonacci Levels: Resistance and support zones highlight significant retracement and extension levels.
RSI Divergence: RSI shows potential overbought conditions at resistance levels and oversold conditions at support levels, confirming possible reversals.
MACD Crossing: MACD suggests bullish momentum at support levels and bearish momentum at resistance levels, providing additional confirmation for trade setups.
Conclusion
This analysis provides actionable trade setups and key levels to help traders make informed decisions in the US30 market. With the current market price at 43,493, traders can utilize the outlined resistance and support levels, along with technical indicators, to execute trades confidently.
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