country flagالعربية
0

DOW JONES Technical analysis 22 June 2018

2018-06-22 01:44 am | Resource: Technical Analysis | No Views : 108

Time frame Used - four hours
The Dow Jones industrial average30  is moving in a bearish direction in the near term
DOW JONES CHART
The bears managed to control the movement of the Dow Jones to break through the level of 24630 down to reach the level of 24405 trying to consolidate above this level
In view of the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
Accordingly, we expect that the Dow jones will  test level of 24630 again
  The alternative scenario is that Dow Jones  breach level of  24630 upside targeting level of 24860
Resistance: 24630 – 24860  - 25077
Support: 24335 - 24170 - 23805
Direction: Down
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 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.