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US WALL ST 30

US30 31st OCTOBER 2022Concerns about recession resurfaced among investors as the Fed continued to follow a hawkish path lined with interest rate hikes. This led some companies in the US to change their earnings projections again, with several companies and analysts revising their outlook downward for the coming quarter. The market also expects the Fed to raise its benchmark interest rate again at its November meeting. According to FedWatch, 96.7% of market participants project that the Fed will raise its benchmark interest rate by 75 bp and bring the Fed funds rate to a range of 3.75%-4%. Wall Street still tends to weaken despite the positive sentiment from the release of the financial performance of issuers in the US.
OANDA:US30USDShort
by DNP-FX
2
US30 28/10/2022The price currently moving in an uptrend channel while its also facing support at 31851 & resistance at 32125. Now a breakout of the support could mean a breakout of the uptrend channel. so if price continue to respect the resistance & closes below the support on a 30m TF atleast, then it could continue pushing down to the next support zone at 31612. Similarly if price respects the support & closes above the resistance then it could continue pushing up to the previous high at 32307.
U
by mightybullcapital
US30 20/10/2022US30 currently ranging in between 30793 as its resistance & 30266 as its support while also retesting a HTF downtrendline. Now a breakout of the ranging Phase might determine whether US30 will continue moving down in respect to the downtrendline or make a breakout of the trendline to continue pushing up. So if the price makes a break & close below the Support zone of the ranging phase, atleast on 1HR TF, then we can start to look for trades on the short side in short TF like 15 to 30 MIN TF in hopes of price continue to push down in respect to the downtrendline to retest the next support level at 29620. However if price respects the support of the ranging phase & closes above the resistance, then it would be a breakout of the downtrendline & we can look for trades on the long side expecting price to continue pushing up all the way to retest the next HTF key zone at 31660.
U
by mightybullcapital
US30 seems to be bottomed out After bad CPI numbers US30 managed to get to 28600 which is previous low. Scenario 1. US30 is currently forming a kind of double bottom or "W" pattern, it will be confirmed as it breaks the neckline which is around 30312-30473. Breaking that zone would confirm that's its double bottom. Target of this pattern is usually the size from bottom to the neckline. which is at 32410. Scenario 2. As you can see only 4hour candle chart, US30 is also forming up descending broadening wedge i.e. bullish chart pattern (said to be a reversal pattern) breaking out of this and would make our new target on top of the descending broadening wedge. If you look carefully at fibs 0.382 (30790) seems to be like the important area which US30 must break and create support above it in order to move higher Entry: breakout of neckline TP1 : 0.618 fib (32129) TP2 : 32564 TP3 : 34296 S.L : 2% Remember I will be only taking trade as it breaks and creates support above the neckline Trade safe.
CAPITALCOM:US30Long
by itwasblue
1