NEWS: USA30 price decreased 1.3%. The USA30 and other American stock indices are falling after the U.S. market opened. Investor sentiment has declined as the US revised its GDP down to -1.6% from -1.5%, fuelling concerns of a recession.
Possible Scenarios:
If USA30 fails to breach through S1 of 30376.32, our Research Department expects the USA30 to undergo a short- term upward correction.
If USA30 manages to break below its S1 of 30376, our Research Department expects the USA30 to extend its losses to its S2 of 30195
Support and Resistance Levels:
USA30 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
30014 |
30195 |
30376 |
30618 |
30860 |
31041 |
31222 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $103.92 |
(+/-) €100 |
(+/-) £82.65 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.03916
***GBP/USD = 1.20999
Calculations for exchange rate used as of 14:35 (GMT+1) 28/06/2022