DowJones US30 Technical Analysis: strong decline

American session, date: 7/24/2024

Introduction and overview

This report provides a technical analysis of the Dow Jones index during the American session, focusing on trading strategies based on resistance and support levels. The index is currently trading at the level of $40146. Prices are trading below most of the crossings of the moving average, which indicates a downward trend, and the MACD indicator indicates strength in the negative direction as a result of the seller’s control over the indicator’s trading.

DowJones US30 Technical Analysis

Trading strategies based on Buy/Sell levels

US30 In case of buying in case of selling
Entry point 40365 40042
Target Point 1 (TP1) First resistance: 40477 First support: 39852
Target Point 2 (TP2) Second resistance: 40507 Second support: 39792
Stop Loss (SL) 40042 40365

 

Conclusion

The technical analytical study of this data showed clear results indicating the main trends and changes in the market. The technical indicators used and graphical analysis highlight the relative strength of the assets studied, and help identify potential investment opportunities and associated risks. This technical analysis reflects the importance of integrating modern tools and technologies into the investment decision-making process to enhance efficiency and accuracy. In light of these results, investors can improve their strategies and achieve better performance in the financial markets.

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