CM Trade

Download APP to receive bonus

GET

DJ30: High level sorting

2022-11-22
1229
Fundamental analysis:

The Dow Jones Index closed down 45.21 points, or 0.13%, at 33700.48 on November 21 (Monday); Risk appetite may be supported by the stabilization of US yields and the bottoming of global growth momentum, which may further depress the US dollar. It is unlikely that the extreme overestimation of the dollar level is reasonable. It is expected that the outlook for the currency will fluctuate in the coming months, and then weaken from the second quarter of 2023.


Dow Jones DJ30 - 4-hour K chart shows:




Technical analysis:

The 4-hour chart shows that the short-term narrow range consolidation of high position moves upward, and the market bullish sentiment starts to emerge slowly. In the gradual upward movement, the MACD indicator hovers in the weak position on the upper side of the 0 axis, and the RSI indicator is in the narrow range consolidation on the upper side of the 50 equilibrium line;

Multi empty turning point: 33707

Pressing: 33904, 34051

Support: 33,560, 33,424

Trading strategy: above 33707, bullish, target 33904, 34051

Alternative strategy: 33707 bearish, target 33560, 33424

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

More