– Dow Jones reversed from support level 32565.00
– Likely to rise to resistance level 33500.00
Dow Jones index recently reversed up from the strong support level 32565.00 (former multi-month low from May) coinciding with the lower daily Bollinger Band.
The upward reversal from the support level 32565.00 created the daily candlesticks reversal pattern Bullish Engulfing.
Given the longer term uptrend, Dow Jones index can be expected to rise further toward the next resistance level 33500.00.
- Apple reversed from key resistance level 237.00 - Likely to fall to support level 227.00…
- Aig reversed from support level 76.60 - Likely to rise to resistance level 79.65 Aig recently…
Market Picture The cryptocurrency market remains steady at around $2.31 trillion in market capitalisation, mirroring…
- GBPCAD reversed from resistance zone - Likely to fall to support level 1.7750 GBPCAD…
- USDCHF broke resistance zone - Likely to rise to resistance level 0.8730 USDCHF currency…
The British pound fell below the 1.30 level against the dollar after weak inflation data…
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