 |
| Technical Analysis for Dow Jones 13-7-2015 |
Dow Jones moved last Friday in the average movement of 220 pips, its highest level at 17710 and the lowest Level at 17492 and closed at 17665 to Gain 173 pips during Friday’s trading.
Dow opened today's trading at 17578 and went up to 17816 in the European session.
Dow moves in a series of up impulse waves after returning to the parallel price channel.
We saw dow-jones achieved our target at 17700
It is expected that the Dow is heading targeting 17840 as the target on time frame of four hours and till now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today at 18:00 we are looking for Federal Budget Balance USA.
Today we could see sharp trading because of the economic data from USA
Support levels: 17534 and 17404 and 17316
Resistance levels: 17752 and 17840 and 17970
For More Technical Outlook FxStation
0 comments:
Post a Comment