Market Analysis of US 30 on Monday 4 September 2023

2023-09-04 12:57Fonte: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, 34950and 35000 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                                                                     

US Holiday Today but Focus Could be on China, Russell 2000, USD/JPY and Brent Crude,The US jobs data release last Friday continues to reflect signs of softening in the US labour market, which seems to be in line with what the Federal Reserve (Fed) wants to see.

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

Mais