country flagالعربية

DOW JONES Technical analysis 10 July 2018

2018-07-09 11:20 pm | Resource: Technical Analysis | No Views : 101

Time frame Used - four hours
The Dow Jones industrial average 30  is moving in a bullish direction in the near term
The purchasing power managed to control the movement of the Dow Jones to break the resistance level around the level of 24571 to reach the level of 24793 where it is facing selling pressure around this level
Both the RSI and the Stochastic are pointing to the arrival of indicators in the overbought area
Accordingly, we expect that  the Dow jones will  test level of 24571 - 24481 again And then return to rise again to target level of  25077
  The alternative scenario is that the Dow Jones breach level of 24793 higher to target level of 25007
Resistance: 24793 -25077 - 25373
Support: 24571 - 24481 - 24260
Direction: up
Technical Analysis
Stocks and indices Analysis
Bitcoin News

Other news

Stocks in Europe are opening lower as the US-China tariffs begin to apply

 European stocks opened lower on Monday as China and the United States imposed import tariffs on other imports. Where the United States decided to impose a tariff of 10% on Chinese goods worth 200 billion dollars, prompting Beijing to retaliate, and the imposition of taxes on goods worth 60 billion dollars by 5% to 10%. China issued a white paper earlier today, accusing Washington of "brutally preaching monotheism, protectionism and…

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.