Stock index Dow Jones is trading at 20893.6. Dow Jones continues to bargain inside the Ichimoku Kinko Hyo Cloud, indicating a flat trend on the Dow Jones. The stock index is expected to exit from the Ichimoku Kinko Hyo cloud zone near the level of 20855, then Ichimoku Kinko Hyo cloud bottom test near 20890.0 will be followed, from which it is expected to attempt a fall and further development of the bearish trend at the stock index near the level of 20690.0.
Technical analysis & forecast Dow Jones on May 24, 2017
Earlier, a signal of medium strength was obtained for the sale of the Stock index Dow Jones, due to the crossing of signal lines at 20865.0. Cancellation of the variant of falling quotations of the stock index will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 20890.0, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the stock index Dow Jones stands with the breakdown of the local minimum area at the level of 20740.0.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
