Market Analysis of US 30 on Friday 1 September 2023

2023-09-01 12:47Source:BtcDana

US 30 TECHNICAL ANALYSIS SHORT TERM VIEW     

  US 30 has strong support 34083 TO 34706 levels as immediate support  .It has made double zigzag correction from top and its main target is 35694 level as shown in graph . Trend is positive so buying can be done with stop loss 34020 expecting 34900, 35000 and 35694 levels final target intraday purpose.It has changed the trend and now trend is positive and it can directly rally for main target 35694 level without touch 34020 level.

 QUICK FUNDAMENTAL LOOK                                                                     

Investors looking for more clues on the Federal Reserve's possible rate hike path were anxious to see the non-farm payrolls data due on Friday before the opening bell.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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