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| Technical Analysis for Dow Jones 29-7-2015 |
Dow Jones moved yesterday in the average movement of 200 pips, its highest level at 17569 and the lowest Level at 17369 and closed at 17549 to Gain 139 pips during yesterday’s trading.
Dow opened today's trading at 17551 volatile between 17521 and 17557 during the Asian session trading at 36 Pips for the poor liquidity in the market range, and in the European session the dow went up to 17558.Dow moves in a series of down corrective waves after breaking the parallel price channel.
It is expected that the Dow is heading targeting 17450 as the target on time frame of four hours and until now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today we could see sharp trading because of the economic data from the USA
Support levels: 17422 and 17295 and 17222
Resistance levels: 17622 and 17695 and 17822
More Technical Outlook FxStations
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