📊 US30 24th January 2025 Daily Analysis Based on Main Key Levels

Introduction

In the dynamic world of trading, understanding market movements is essential. This blog presents a comprehensive analysis of the US30 index, focusing on critical levels and actionable trade setups. The current Daily Current Market Price (DCMP) for US30 is 44,502.

Key Levels Summary

Resistance Levels Above DCMP (44,502)

🔺 Resistance 1: 44,840

🔺 Resistance 2: 44,667

🔺 Resistance 3: 44,837

Support Levels Below DCMP (44,502)

🟢 Support 1: 44,392

🟢 Support 2: 44,222

🟢 Support 3: 44,113

Swing Levels

📊 Swing High: 45,065

📊 Swing Low: 41,733

Trade Setup

💼 Intraday Buy Trade Setup

Entry Price: ✨ 44,113

Stop Loss: ❌ 43,800

Take Profit 1: 🎯 44,222

Take Profit 2: 🎯 44,392

Reason for Entry:

The support level at 44,113 is below the DCMP, indicating a strong buying opportunity. This level aligns with significant technical support, suggesting potential upward movement.

💼 Intraday Sell Trade Setup

Entry Price: ✨ 44,840

Stop Loss: ❌ 45,000

Take Profit 1: 🎯 44,667

Take Profit 2: 🎯 44,562

Reason for Entry:

The resistance level at 44,840 is just above the DCMP, providing a viable selling opportunity. This level coincides with key technical resistance, indicating potential downward movement.

Analysis Summary

Resistance and Support Levels: Key levels indicate potential reversal zones. Resistance levels are identified at 44,840, 44,667, and 44,837, while support levels are at 44,392, 44,222, and 44,113.

Swing Levels: The Swing High is at 45,065, and the Swing Low is at 41,733.

Pivot Levels: The pivot level is at 44,392, providing additional context for potential reversals.

Fibonacci Levels: Significant retracement and extension levels align with the identified support and resistance zones.

RSI Divergence: Indicates potential overbought conditions at resistance levels and oversold conditions at support levels.

MACD Crossing: Suggests bullish momentum at support levels and bearish momentum at resistance levels, confirming trade setups.

Conclusion

This analysis offers actionable trade setups and key levels to assist traders in making informed decisions in the US30 market. With the current market price at 44,502, traders can leverage the outlined support and resistance levels, along with technical indicators, to execute trades confidently. Stay tuned for further updates and analyses!