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2/2 Summary of Key Levels
Daily & 4-Hour Support and Resistance
Daily Support Levels: 41,800, 41,600, 41,400
Daily Resistance Levels: 42,300, 42,600, 42,800
4-Hour Support Levels: 42,000, 41,900, 41,750
4-Hour Resistance Levels: 42,250, 42,400, 42,600
Exponential Moving Average (EMA) Levels
Daily EMA Levels:
EMA 50: 41,950
EMA 100: 41,700
EMA 200: 41,500
EMA 400: 41,250
4-Hour EMA Levels:
EMA 50: 42,100
EMA 100: 42,000
EMA 200: 41,850
EMA 400: 41,700
Weekly Pivots
Weekly Pivot Points:
Pivot: 42,100
Support 1: 41,800
Resistance 1: 42,400
Daily Pivots
Daily Pivot Points:
Pivot: 42,180
Support 1: 41,950
Resistance 1: 42,300
Fibonacci Retracement Levels
Key Fibonacci Levels: 42,180, 42,370, 42,505, 42,640
Fundamental Analysis and Upcoming USD News
📅 As we look ahead, several key economic events may impact the US30 index and the broader market. Traders should be aware of the following upcoming USD news:
Non-Farm Payrolls (NFP) Report: Scheduled for the first Friday of June, this report is crucial for assessing the health of the U.S. labor market and can lead to significant volatility in the US30.
Federal Reserve Interest Rate Decision: The next FOMC meeting is set for mid-June, where any changes in monetary policy could have far-reaching effects on the US30.
Consumer Price Index (CPI): The upcoming CPI report will provide insights into inflation trends, which are vital for gauging future interest rate adjustments by the Federal Reserve.
These events will be critical in shaping market sentiment and the overall direction of the US30 index.
Conclusion
In conclusion, the US30 index is currently positioned at 42,180 USD, with a mix of bullish and bearish signals from various technical indicators. Traders should keep a close eye on support and resistance levels, as well as key Fibonacci retracement levels, to navigate the market effectively. Additionally, being aware of upcoming economic events will be essential for making informed trading decisions.