country flagالعربية

DOW JONES Technical analysis 3 December 2018

2018-12-02 11:14 pm | Resource: Technical Analysis | No Views : 344

Time frame Used - four hours
The Dow Jones industrial average30 is moving in a bullish direction in the near term.
The purchasing power managed to control the movement of the Dow Jones to break through the resistance level of 25500 to reach the level of 25868 accompanied by a gap called break away gap.
In view of the technical indicators
Both the RSI and the Stochastic are indicting to the arrival of indicators in the overbought area.
Accordingly, we expect that the Dow jones will test the 26100-26288 levels.
  The alternative scenario is that the Dow jones retreat to the 25500 level.
Resistance: 25871 - 26100 - 26288
Support: 25500-25200-25100
Direction: Up
Technical Analysis
Stocks and indices Analysis
Bit coin News

Other news

European shares open lower as traders focus on Brexit

Stocks in Europe's main stock markets opened lower on Monday amid uncertainty over Brexit. Irish Foreign Minister Simon Coffini has warned of "difficult issues" to be resolved before an agreement on a UK withdrawal from the European Union can be reached. On the data, Eurostat was set on a report on the industrial production of the block later in the day. Germany allows Huawei 5G network technology from China In…

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 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.