US30: Decline Ahead!

US30, Daily

US30 bounced from the crucial 45000 resistance level and faces the 44000 support level.

%R and MFI leave the overbought zone, with the price breaches below the DEMA and TEMA lines, giving a bearish sentiment.

Consider a short trade if it breaks below the 44000 support level, with the target at 43300.

TRY TRADING NOW

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul