简体中文
ภาษาไทย
繁體中文
Indonesia
DJ30: Bears fall
2023-03-08
930
Fundamental analysis:
The Dow Jones Index closed down 574.58 points, or 1.72%, at 32856.86 points on March 7 (Tuesday). Powell’s Senate testimony was hawkish, saying that if necessary, the Fed is ready to accelerate the pace of interest rate hikes, and the terminal interest rate may be higher than expected.
Dow Jones DJ30 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum has fallen sharply, the short-term decline may continue, the market is shrouded in bearish sentiment, the MACD indicator is in the bullish area and moves down, and the RSI indicator is in a weak order below the 50 balance line;
Resistance level: 32907 33093
Support level: 32765 32683
Trading strategy: bearish below 32907, target 32765 32683
Alternative strategy: call above 32907, target 32907 33093
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 AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
