简体中文
ภาษาไทย
繁體中文
Indonesia
Dow Jones Industrial Average: high narrow retreat
2022-07-25
1208
Fundamental analysis:
The Dow Jones index closed down 136.29 points, or 0.43%, at 31900.61 on Friday, July 22; The Fed's expectation of raising interest rates weakened the pressure on the US dollar index. Recently, the dollar index fell, and traders reduced their bets on the Federal Reserve's aggressive interest rate hike of 100 basis points in July.
Dow Jones dj30 - 4-hour K-line chart shows:
Technical analysis:
Looking at the 4-hour chart: the bull power has a short-term entanglement, the high level has maintained a narrow range, and has retreated after repeatedly breaking new highs. The short power has signs of waiting for the opportunity to enter. The MACD index is hovering high in the bull region, and the RSI index is hovering weak in the bull region;
Long short turning point: 31919
Pressing position: 32080, 32239
Support position: 31735, 31584
Trading strategy: bearish below 31919, target 31735, 31584
Alternative strategies: bullish above 31919, targets 32080, 32239
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
