Dow Jones US30 Technical Analysis: The Dow Jones is trading in a bearish trend, recording a high of 42887 and a low of 42686, while it is currently trading at 42737.
Dow Jones US30 Technical Analysis Technical Analysis:
The price action indicates that the index is trading below the moving averages, reflecting the continuation of the bearish trend. This signal supports the presence of selling pressure on prices.
Moreover, the MACD indicator is showing a negative trend, which enhances the selling opportunities in the market. This situation reflects the weakness of the positive momentum and indicates the possibility of a continuation of the decline.
Trading Expectations:
If the index continues to maintain the current support levels, we may witness further declines towards lower levels. Traders are advised to follow the economic factors that may affect the market movement.
Trading strategies based on Buy/Sell levels
US30 | In case of buying | in case of selling |
Entry point | 42872 | 42660 |
Target Point 1 (TP1) | First resistance: 42949 | First support: 42536 |
Target Point 2 (TP2) | Second resistance: 42999 | Second support: 42500 |
Stop Loss (SL) | 42660 | 42872 |
Dow Jones analysis indicates a strong downtrend, with technical indicators supporting selling trends. Investors are advised to be cautious and watch for suitable opportunities in the coming sessions.