NEWS: USA30 price is rising by 0.7% as investors digest another surge in AI-related spending from tech mega-caps and the Federal Reserve’s decision to keep interest rates unchanged, as expected.
Possible Scenarios:
if USA30 fails to breach through R1 of 49460, our Research Department expects the USA30 to undergo a short- term downward correction.
If USA30 manages to break above its R1 of 49460, our Research Department expects the USA30 to extend its gains to its R2 of 49607.
Support and Resistance Levels:
|
USA30 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
48777 |
48923 |
49070 |
49265 |
49460 |
49607 |
49753 |
Potential Profit or Potential Loss Calculations:
|
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $119.5 |
(+/-) €100 |
(+/-) £72.48 |
|||
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.19409
***GBP/USD = 1.37837
Calculations for exchange rate used as of Thursday, January 29, 2025, 11:45 GMT