NEWS: USA30 price is falling -0.8%. The USA30 and other American equity indices are falling after much stronger than expected Retail Sales figures for August have made investors worried about the Fed tapering its monthly asset purchases sooner than expected.
Possible Scenarios:
If USA30 fails to breach through S1 of 34489, our Research Department expects the USA30 to undergo a short-term upward correction.
If USA30 manages to break below its S1 of 34489, our Research Department expects the USA30 to extend its losses to its S2 of 34358.
Support and Resistance Levels:
USA30 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
34227 |
34358 |
34489 |
34663 |
34837 |
34968 |
35099 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $117.65 |
(+/-) €100 |
(+/-) £72.62 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.17650
***GBP/USD = 1.37712
Calculations for exchange rate used as of 15:50 (GMT+1) 16/09/2021