– Dow Jones reversed from support level 32875.00
– Likely to rise to resistance level 33875.00
Dow Jones index recently reversed up from the pivotal support level 32875.00 (which has been reversing the price from May), coinciding with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from March.
The upward reversal from the support level 32875.00 stopped the c-wave of the active ABC correction 2 from the end of July.
Given the still oversold daily Stochastic, Dow Jones index can be expected to rise further toward the next resistance level 33875.00 (top of the earlier wave iv).
The dollar suffered due to threats to the Fed’s independence. Gold managed to renew its…
Today is Monday, the 12th of January, and once again we will talk about the…
Crypto markets remain volatile; Bitcoin faces selling pressure, XRP slips, Monero surges, and market signals…
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…
Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…
This website uses cookies