US30 Technical Analysis H4 Chart Today

US30 Fundamental Analysis and Technical Levels

The US30, also known as the Dow Jones Industrial Average or simply “Dow,” represents 30 significant publicly traded US companies and is a critical indicator for overall US economic health. Today’s US fundamental outlook is shaped by several significant releases including the Core CPI and CPI, which are crucial indicators for inflation and monetary policy. A higher-than-forecasted CPI would likely strengthen the USD as markets anticipate further interest rate hikes by the Federal Reserve to control inflation. Additional attention will be on the Initial Jobless Claims and multiple Federal Reserve speakers, whose hawkish remarks could add further support for the USD. Overall, today’s economic events could significantly impact US30 volatility and price action, especially if inflation data deviates from expectations or Fed speakers signal clear policy adjustments.

Chart Notes:• Chart time-zone is UTC (+03:00)• Candles’ time-frame is 4h.Technical analysis of the US30 H4 chart indicates that the price has successfully broken the recent downtrend and experienced a pullback, confirming the transition into a new uptrend with two robust bullish candles. However, a corrective movement is likely necessary before continuing upwards. The immediate bullish target stands at approximately 42525, with potential correction support near 39450. Bollinger Bands are widening, suggesting increased volatility and potential upward continuation. The Parabolic SAR dots below the current candles confirm bullish momentum. The RSI at 62.95 points to upward momentum but remains below the overbought threshold, suggesting further upside potential. MACD shows increasing bullish momentum as indicated by the expanding histogram, and the Stochastic oscillator is currently in the overbought territory, signaling potential short-term correction before further advancement.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.