Stock index Dow Jones continue to move within the framework of the correction and the formation of the «Triangle» model. At the time of publication of the forecast, the index is trading at 27195. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the area of 27130. Where the rebound is expected from and the fall of the Dow Jones stock index quotes to the area below the level of 27655 is expected.
Dow Jones Index Forecast and Analysis July 26, 2019
In favor of the growth of quotations of the stock index on July 26, 2019, a test of the rising trend line on the relative strength indicator will come out. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth rate of the index quotes will fall and the breakdown of the 26920 area. This will indicate a breakdown of the support level and the continuation of the fall of Dow Jones with a target below 26550. Expect the acceleration of the growth of quotations Dow Jones stands with the breakdown of the upper limit of the Triangle model and closing above the level of 27465.
Dow Jones Index Forecast and Analysis July 26, 2019 implies an attempt to test the resistance level near the 27130 area. Then, further fall to the area below the level of 27655. In favor of the Dow Jones quotes reduction, a test of the trend line on the relative strength indicator will come out. Cancellation of the fall option will be a strong growth and the breakdown of the area of 26920. This will indicate a continuation of the rise with the goal above the level of 26550.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
