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DJ30: bulls move up

2023-01-25
967
Fundamental analysis:

The Dow Jones index closed up 104.40 points, or 0.31%, at 33,733.96 points on January 24 (Tuesday); as the market lowered the interest rate peak expectations of the Federal Reserve’s current rate hike cycle, and more attention was turned to policy closings in other developed economies Tight, the market expects the dollar to weaken in 2023.

Dow Jones DJ30 - 4-hour K-line chart shows:



Brief technical analysis:

Looking at the 4-hour chart: the market is shrouded in bullish sentiment, and the short-term bullish momentum continues to rise upwards. The bullish momentum of the MACD index maintains shocks and moves up to the upper side of the 0 axis, and the RSI indicator is in a weak order above the 50 balance line;

Long-short turning point: 33816

Press: 33935, 34002
Support: 33729, 33654

Trading strategy: Bullish above 33816, target 33935, 34002
Alternative strategy: bearish below 33816, target 33729, 33654

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.

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