country flagالعربية
0
0

DOW JONES Technical analysis 11 April 2018

2018-04-11 12:47 am | Resource: Technical Analysis | No Views : 377

 
Time frame Used - four hours
The Dow Jones industrial average30 is moving in a sideway in the near-term
DOW JONES CHART
The Purchasing power managed to control the movement of the Dow Jones to break the Dow Jones level of  24021 to upside  to reach the Dow Jones index to levels of  24630 - 24434 as the Dow Jones is still facing resistance and selling pressure around this level forming  a negative candlesticks  pattern
In view of the technical indicators
Both the RSI and Stochastic are indicating  to weakness of the  indicators
Accordingly, we expect that  the Dow jones  will  fall to level of  24021 again
 The alternative scenario is the further decline of the Dow Jones to level of  23700
Resistance: 24434 - 24343 - 24630
Support: 24021-23700-23333
Direction: sideway
Technical Analysis
Stocks and indices Analysis
Bitcoin News


Other news

US stocks open higher on Friday as trade concerns eased

US stock markets began the last trading session of the week slightly higher after the media reported that Washington is ready to grant temporary tariff exemptions to 437 Chinese products. At the same time, another report claimed that the United States would not remove import tariffs on auto parts made in Japan as part of the expected trade agreement. In business news, Apple launched. The new iPhone 11 series worldwide.…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.