DOWJONES 4-1-2023

Technical Analysis

By Shady Fouad On Jan 4, 2024

DOWJONES 4-1-2023.

The Dow Jones index broke below the lower limit of the ascending channel, and the prices are trading near a secondary support in the range of 37,450. If this area is breached, the index might test its historical peak, which it surpassed in mid-December, around 36,950. On the other hand, if prices rise, they may encounter resistance in the range of 37,800.

Support	37450	37300	36950
Resistance	37800	37800	38450

Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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