US 30 index

Technical Analysis – US 30 index may be poised for a pullback, but still positive overall

Posted on February 14, 2019 at 3:48 pm GMT

The US 30 index has remained in a bullish mode in recent weeks, printing higher highs and higher lows on the daily chart while also staying above both its 200- and 50-day simple moving averages (SMAs). This implies that the short-term picture remains positive, albeit cautiously so, with a break above the all-time high of 26,951 needed to confirm that the bulls are in full control. However, short-term momentum oscillators suggest that a pullback may be on the cards in [..]

Technical analysis – US 30 index crosses above 50-day SMA, neutral in short-term

Posted on January 18, 2019 at 10:57 am GMT

The US 30 index staged a major recovery in recent weeks, after touching an 18-month low on December 26. Price action is now taking place back above the 50-day simple moving average (SMA), which suggests the near-term outlook has shifted back to neutral, from negative previously. Further advances in the index could encounter immediate resistance near the 24,830 zone, defined by the peaks of December 12. An upside break could open the way for a test of the 200-day SMA [..]

Technical Analysis – US 30 stock index bullish correction in progress; medium term bias remains negative

Posted on January 7, 2019 at 12:58 pm GMT

The US 30 stock index managed to test the 38.2% Fibonacci retracement level (23,645) of the downward move from 26,960 to 21,596 today after a buoyant rally last Friday. Technical indicators are suggesting more gains in the short term, with the MACD jumping above its trigger line in negative terittory and the RSI approaching its 50 neutral level, though with weaker momentum. On the upside, traders would be eagerly looking for a break above today’s top of 23,637 to increase buying orders. If that’s the case, the rally could [..]

Technical Analysis – US 30 index crosses above 200-day SMA; bullish long-term outlook still at play

Posted on November 29, 2018 at 11:05 am GMT

The US 30 index has been heading sharply higher over the previous three days, finding strong support on the rising trend line. The price successfully surpassed the 200-simple moving average (SMA) in the daily timeframe and the momentum indicators are endorsing the bullish view. The MACD oscillator turned higher above its signal line, while the %K line of the stochastic oscillator stands in the overbought zone. Should the price continue to head north, the 50-day SMA is the next obstacle to look for around 25,557. [..]

Technical Analysis – US 30 index hovers around uptrend line; rebound is expected

Posted on November 23, 2018 at 12:53 pm GMT

The US 30 index is moving lower, approaching again the ascending trend line, which has been holding since February 2. Also, the index dropped below the 50- and 200-simple moving averages (SMAs) in the daily timeframe, while the momentum indicators are supportive of the bearish structure. The MACD oscillator has dived below the trigger line with strong momentum and the RSI holds in bearish zone with weak movement. Should the price continue to head south, it would be interesting to [..]

Technical Analysis – US 30 index eases after hitting 5-month high; remains in bullish outlook

Posted on August 8, 2018 at 1:35 pm GMT

US 30 index has been in a flying mode in the past four consecutive days, creating a new more than a five-month high of 25691.10. The upward pattern started at the late of March, however, today, the price seems to have a red day. In addition, the technical indicators are turning slightly to the downside as the RSI bounced off the overbought level and the stochastic oscillator is flattening in the positive area. As prices are still holding above the simple [..]

European Open Preview – Euro pares gains as German political turbulence persists; dollar eyes ISM manufacturing PMI

Posted on July 2, 2018 at 8:21 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – was higher by 0.2% on Monday. The euro was a touch softer as German political uncertainties remained a key theme. The loonie was also on the defensive amid a drop in oil prices, giving back some of the gains it posted on Friday following strong data releases. STOCKS: US markets closed higher on [..]

Technical Analysis – US 30 index trades in symmetrical triangle; weak bias in near term

Posted on March 16, 2018 at 12:52 pm GMT

The US 30 index has been developing within a symmetrical triangle since January 29 in the 4-hour chart as it failed several times to create higher highs and lower lows. The prices completed numerous days with weak momentum and are trading slightly above the lower boundary of the triangle. Support was met around the 24665 region, forcing the index to turn to the upside. The neutral bias in the near term is supported by the deterioration in the momentum indicators. The MACD [..]

Equities finish February on wobbly legs, look to data for clarity – Index News

Posted on March 1, 2018 at 2:23 pm GMT

Global stock indices ended February lower, as concerns regarding rising inflation and interest rates took a hold of markets, helping to bring “overvalued” equities back to more reasonable levels. While the outlook for stocks has remained uncertain and price action has become increasingly more choppy, this may well change over the next few weeks as data on wages and inflation provide some much-needed clarity to investors. It’s a long story, but not a complicated one. In early February, an upside [..]

Technical Analysis – US 30 index posts steep losses; near 3-month low

Posted on February 6, 2018 at 2:07 pm GMT

The US 30 index has plunged sharply lower since Friday losing more than 3000 points from the last all-time high on January 29. The price posted a new more than 3-month low of 23116.40 earlier today, however, it later reversed some of its losses during the European session. Prices broke below the 23.6% Fibonacci retracement level near 24000 of the up-leg with the low of 15250 and the high of 26700. The bullish picture in the medium-term weakened and a bearish correction is in progress. [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms