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Dj30: high position wide width finishing

2022-08-08
1258
Fundamental analysis:


The Dow Jones index closed up 74.69 points, or 0.23%, at 32801.51 on Friday, August 5; The growth of non-agricultural employment in the United States in July was much higher than expected, and the unemployment rate dropped slightly, providing sufficient buffer for the Federal Reserve to maintain its aggressive interest rate increase route to achieve its goal of curbing inflation.


Dow Jones index dj30 - 4-hour K-line chart shows:




Technical analysis:


The 4-hour chart shows that the short-term high-end funds are arranged and translated, the market bullish sentiment is still the same, the MACD index is in the long area, and the RSI index is in the narrow range near the 50 equilibrium line;


Long and short turning point: 32638


Pressing position: 32843, 33010


Support position: 32499, 32334


Trading strategy: bullish above 32638, targets 32843 and 33010


Alternative strategies: bearish below 32638, targets 32499 and 32334

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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