Technical Analysis for Dow Jones 3-8-2015

Technical Analysis for Dow Jones 3-8-2015

Dow Jones moved last Friday in the average movement of 126 pips, its highest level at 17719 and the lowest Level at 17592 and closed at 17611 to lose 56 pips during Friday’s trading.

Dow opened today's trading at 17625 volatile between 17600 and 17644 during the Asian session trading at 44 Pips for the poor liquidity in the market range, and in the European session the dow went down to 17544.

Dow moves in a series of down corrective waves below the trend line.

It is expected that the Dow is heading targeting 17510 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: 17562 and 17513 and 17435

Resistance levels: 17435 and 17767 and 17816.33

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Technical Analysis for Dow Jones 8-7-2015

Technical Analysis for Dow Jones 8-7-2015

Dow Jones moved yesterday in the average movement of 354 pips, its highest level at 17724 and the lowest Level at 17370 and closed at 17680 to Gain 21 pips during yesterday’s trading according to the economic data.

Dow opened today's trading at 17673 and went down to 17433 in the European session

Dow moves in a series of up impulse waves in a parallel price channel

It is expected that the Dow is heading targeting 17700 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 FOMC Meeting Minutes

Today we could see sharp trading because of the economic data from USA

Support levels: 17458 and 17237 and 17104

Resistance levels: 17812 and 17945 and 18166

For More Technical Outlook FxStations

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