Dow Jones forecast & technical analysis July 27, 2018


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Stock index Dow Jones continue to move within the framework of the bullish channel. At this point, we should expect an attempt to test the lower border of the channel near the area of ​​25250. Where can we expect a rebound and the continued growth of quotations Dow Jones in the area above the level of 25770.

Dow Jones forecast & technical analysis July 27, 2018

In favor of the growth of quotations of the stock exchange index, an uptrend line test will be performed on the indicator of relative strength index (RSI). Cancellation of the variant of growth of quotations of the index will be a drop and breakdown of the area of ​​25100, which will indicate the breakdown of the lower border of the channel and the continued decline of the Dow Jones with a target below the level of 24950. To expect confirmation of the growth of Dow Jones quotations is with the breakdown of the resistance area and the closure above the area of ​​25550.

Dow Jones forecast & technical analysis July 27, 2018

Dow Jones forecast & technical analysis July 27, 2018 suggests an attempt to test the lower border of the channel near the area of ​​25250 and continue the growth in the area above the level of 25770, in favor of the growth of Dow Jones quotations will test the support line on the indicator of relative strength index (RSI).

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