DowJones US30 Technical Analysis: The Dow Jones is trading in a weak downtrend, having risen from a high of $41,951 to a record high of $42,161, and is currently trading at $42,139. This momentum reflects the volatility in the overall performance of the index.
DowJones US30 Technical Analysis:Technical Analysis
- Moving Average Indicators: There are attempts to rise above the moving averages, indicating a possible change in the trend to the upside. However, prices are still trading below these indicators, reflecting the continuation of the downtrend so far.
- MACD Indicator: The MACD indicator reveals weakness in the positive trend, indicating that there is not enough momentum to support the uptrend at the moment.
Trading Forecast for Today
The Dow Jones is expected to remain under selling pressure in the short term, despite attempts to rise. The support levels at $42,000 and the resistance at $42,200 should be monitored to determine the future direction.
Trading strategies based on Buy/Sell levels
| US30 | In case of buying | in case of selling |
| Entry point | 42260 | 42059 |
| Target Point 1 (TP1) | First resistance: 42340 | First support: 41951 |
| Target Point 2 (TP2) | Second resistance: 42370 | Second support: 41870 |
| Stop Loss (SL) | 42059 | 42260 |
The Dow Jones is still in a weak downtrend, but there are signs that a reversal to the upside may be imminent. It is important to monitor technical indicators and economic news to ensure informed trading decisions.
