country flagالعربية
0

DOW JONES Technical analysis 9 January 2019

2019-01-09 08:52 am | Resource: تحليل فني | No Views : 138

Time frame Used - four hours
The Dow Jones industrial average30 is moving in a bullish direction in the near term.
DOW JONES CHART
The Dow Jones managed to break above 23456 to hit the 23878 level as the Dow Jones Industrial Average opened its morning session higher on the back of Trump's news yesterday about the improvement of trade negotiations between the USA and China.
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area.
Accordingly, we expect that the Dow jones will continue to rise to achieve the bullish target around the 24585 levels, and this scenario fails in case of instability above level of 23456.
 The alternative scenario is that the Dow Jones violent the 23456 level down to target levels of 23000 - 22550 levels.
Resistance: 23900 -24047 - 24585
Support: 23456 - 23000 - 22550
Direction: Up
Technical Analysis
Stocks and indices Analysis
Bit coin News


Other news

Wall Street fell as US private sector activity fell in March

 Dow Jones Industrial Average was down 1.08% or 282 points at 16:59 GMT with the release of private sector activity, housing and wholesale inventories. Meanwhile, Nike shares fell after the company reported its third-quarter profit after the bell yesterday, showing weaker sales growth in North America. US private sector activity fell in March IHS Markit said in a statement released on Friday that the composite output index in the United…

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.