CM Trade

Download APP to receive bonus


Dao: Low tie

Basic face analysis:

On Tuesday (August 22), the Ministry of Fed's discount interest rate conference showed that the most important local Fed sought for the sidelines. The three major indexes of the US stocks rose and declined, and the Dow fell 0.51%to reach a new low of six weeks. In July, US -running sales fell far from expected. The market was waiting for Powell and Lagardes to speak on Friday, and S & P influenced the influence of banking rating by many US regional banks worldwide.

DJ30 four -hour chart

Technical analysis:

Looking at the 4-hour chart, the Dow fell again to confirm the support of the 34300 front line. The MACD remained under the zero axis. The market had a brief support. Pay attention to the 34300 line below. The resistance still pays attention to the 34780-35000.

Resistance level: 34780 35000
Support bit: 34300 34000

Trading strategy: Bull above 34300, target 34700 35000
Alternative strategy: Below the drop below 34300, target 34000 33800

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar