country flagالعربية
0

Best Opportunities, Vision and Technical Analysis for The DOW JONES 13 March 2019

2019-03-13 05:20 am | Resource: Technical Analysis | No Views : 27

Time frame Used - four hours
The Dow Jones industrial average 30 is moving in a sideway direction in the near term.
DOW JONES 30 CHART
the Purchasing power has managed to control the movement of the Dow Jones to bounce the Dow Jones from support level of  25261 to upside as we mentioned in the previous report to test the 25760 level as the Dow jones faces resistance and selling pressure around this level, but it is still above the Bollinger's moving average  line.
In view of the technical indicators
Both the RSI and Stochastic are indicating signs of recovery.
Accordingly, we expect that the Dow jones will test the 26171 levels in a corrective move.
The alternative scenario is that the Dow Jones dropped to the level of 25261.
Resistance: 25760 -25854 - 26171
Support: 25500 - 25261 - 24880
Direction: sideway
Technical Analysis
Stocks and indices Analysis
Bit coin News


Other news

European stocks rose with reports on the merger of Germany largest bank

 European markets posted modest gains in early trade on Monday after German banks confirmed they were in discussions on a possible merger. Meanwhile, investors are still focusing on Britain's exit from the EU, as the government in London is trying to rally support for its deal in Britain's exit from the European Union before the third vote on Tuesday. Yesterday, British Treasury Secretary Philip Hammond said there was still insufficient…

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.