The stock index Dow Jones is trading at 20529.0. Quotations Dow Jones are traded below the moving average with a period of 55, indicating a bearish trend for the Dow Jones. At the moment, the quotes of the stock index test the average border of the bars of the indicator Bollinger Bands. A slight increase is expected near the level of 20590.0, where one should expect an attempt to continue falling with the first goal near the level of 20340.0.
Bollinger Bands Dow Jones forecast on April 20, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 20650.0. The cancellation of the variant of the continuation of the fall of the Dow Jones will be a breakdown of the upper boundary area, as well as a moving average with a period of 55 and the closing of quotations of the index above the area of 20730.0, which indicates a change in the trend in favor of the bullish on the Dow Jones. In the event of a breakdown of the lower boundary of the indicator bands, it is expected to accelerate the fall of the exchange index in the area below the level of 20340.0.
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