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DJ30: high up
2023-01-27
989
Fundamental analysis:
The Dow Jones index closed up 205 points, or 0.61%, at 33949.41 points on January 26 (Thursday). Fed rate expectations were little changed following the release of the US GDP data. Swaps suggest a 25 basis point rate hike at next week's FOMC meeting remains a certainty. The market expects to raise interest rates by 47 basis points in the next two meetings, and the peak policy rate in June is expected to be around 4.92%.
Dow Jones DJ30 - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart: The bullish momentum remains volatile and upward, short-term bullishness should be shrouded, the bulls in the market continue to climb, the MACD indicator is in the bullish zone and maintains a narrow range, and the RSI indicator is in the bullish zone to maintain a weak hovering above the 50 balance line;
Long and short turning point: 33970
Press: 34073, 34155
Support: 33862, 33797
Trading strategy: Bullish above 33970, target 34073, 34155
Alternative strategy: bearish below 33970, target 33862, 33797
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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