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Daily Market Analysis 29|09|2020: US30

Instrument: US30

Intraday: BULLISH

Technical Analysis

Preference:  
Buy position is envisaged if price trades above 27481 with take profit at key level 27807.
Alternative scenario: 
Sell if price trades below 27320  with take profit at 27101.
Fundamentals:
CB Consumer Confidence (USD) 3.00 pm

Comment:  On the H1 we see the instrument has been on a buy binge and retraced a bit, I believe the instrument should buy further, looking at the D1 we see that the instrument touched the 200 EMA on the daily, and has been buying for 2 days, so bullish trend should be in place for this instrument.

Analysis: SCRUM Team

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