 |
| Technical Analysis for Dow Jones 4-8-2015 |
Dow Jones moved yesterday in the average movement of 242 pips, its highest level at 17656 and the lowest Level at 17414 and closed at 17507 to lose 118 pips during yesterday’s trading.
Dow opened today's trading at 17506 volatile between 17470 and 17515 during the Asian session trading at 45 Pips for the poor liquidity in the market range.Dow moves in a series of down corrective waves below the trend line.
We saw the American Index achieved our target at 17510
It is expected that the Dow is heading targeting 17420 as the target on time frame of four hours and until now we see the Bears control on market direction
And the Relative Strength Indicator "RSI" show us distribution operations at the market
Today we could see sharp trading because of the economic data from the USA
Support levels: 17395 and 17283 and 17153
Resistance levels: 17637 and 17767 and 17879
More Technical Outlook FxStations
0 comments:
Post a Comment