US30 - Bearish Momentum Amid Anticipated GDP Data Release
Technical Analysis: US30
Current Outlook:
The price is in a strong bearish trend, with potential targets at 39575 and 39400, particularly if the GDP data exceeds expectations.
Bullish Scenario:
To establish a bullish trend, the price must stabilize above 40060, aiming for 40270 and 40420. An uptrend movement will be likely if the GDP results are lower than expected by approximately 1.4% to 1.6%.
Bearish Scenario:
As long as the price trades below 40060, the bearish trend will persist. For a more precise bearish outlook, the price should stabilize below 39780, targeting 39575 and 39400.
Key Levels:
- Pivot Line: 39945
- Resistance Levels: 40060, 40250, 40420
- Support Levels: 39780, 39575, 39400
Today's Expected Range:
The price is expected to fluctuate between the support at 39400 and the resistance at 40420.
previous idea:
Current Outlook:
The price is in a strong bearish trend, with potential targets at 39575 and 39400, particularly if the GDP data exceeds expectations.
Bullish Scenario:
To establish a bullish trend, the price must stabilize above 40060, aiming for 40270 and 40420. An uptrend movement will be likely if the GDP results are lower than expected by approximately 1.4% to 1.6%.
Bearish Scenario:
As long as the price trades below 40060, the bearish trend will persist. For a more precise bearish outlook, the price should stabilize below 39780, targeting 39575 and 39400.
Key Levels:
- Pivot Line: 39945
- Resistance Levels: 40060, 40250, 40420
- Support Levels: 39780, 39575, 39400
Today's Expected Range:
The price is expected to fluctuate between the support at 39400 and the resistance at 40420.
previous idea:
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