The US30 index declined early Wednesday as investors awaited the Federal Reserve’s interest rate decision.
Currently, the price is trading below the rotating axis, which serves as a stabilizer supporting a potential price decline. A correction is expected, possibly reaching the black barrier trendline. However, caution is advised, as sudden market movements may occur, given that the Federal Reserve is expected to keep interest rates unchanged at 4.25%–4.50%, while market participants closely monitor signals regarding potential future rate cuts.
From a technical perspective, trading below the rotating axis supports a further decline toward 40,695, particularly if the price successfully breaks through the black trend barrier. However, I thought the current movement appeared to be a correction, after which we anticipate a reversal to above 41,640. From this level, the price is expected to rise further, reaching the range zone between 42,320 and 43,015.
Bullish target: 41640, 42320, 43015
Bearish target: 40695, 39790, 39045
Currently, the price is trading below the rotating axis, which serves as a stabilizer supporting a potential price decline. A correction is expected, possibly reaching the black barrier trendline. However, caution is advised, as sudden market movements may occur, given that the Federal Reserve is expected to keep interest rates unchanged at 4.25%–4.50%, while market participants closely monitor signals regarding potential future rate cuts.
From a technical perspective, trading below the rotating axis supports a further decline toward 40,695, particularly if the price successfully breaks through the black trend barrier. However, I thought the current movement appeared to be a correction, after which we anticipate a reversal to above 41,640. From this level, the price is expected to rise further, reaching the range zone between 42,320 and 43,015.
Bullish target: 41640, 42320, 43015
Bearish target: 40695, 39790, 39045
- Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
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still has a bullish trend toward our target at 42320Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。