country flagالعربية
0

Best Opportunities, Vision and Technical Analysis for The DOW JONES 12 April 2019

2019-04-12 01:55 am | Resource: Technical Analysis | No Views : 158

We offer you the analysis of the Dow Jones Industrial Average30 on Friday, April 12, 2019, with the most important forecast for the Dow Jones US market.
Time frame Used - four hours
The Dow Jones industrial average is moving in a bearish direction in the near term.
dow jones chart
The Dow jones continues to face resistance and selling pressure around 26245 level as the US manufacturing index continues to suffer from the Bollinger's moving average line as a result of investors' expectations but remains at the highest support level 26112
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of the indicator to the oversold area.
Accordingly, we expect that the Dow jones will decline to 25900-25800 levels  again.
The alternative scenario is that the Dow Jones retest 26245-26343-26494 levels .
Resistance: 26245 -26334 - 26494
Support: 26112-26000-25900
Direction: Down
Technical Analysis
Stocks and indices Analysis
Bit coin News


Other news

Wall Street open rallies ahead of Fed meeting in this week

Markets in the United States started a slight gain on Monday as investors looked ahead to the Fed's two-day monetary policy meeting, which begins tomorrow. Although policy changes are unlikely, investors will be looking for interest rate indicators in July or later this year. In trade, Commerce Secretary Wilber Ross said President Donald Trump was ready to define more Chinese products if the two countries did not reach an agreement,…

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.