The stock index Dow Jones completes the trading week near the level of 26131. The index is traded above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bullish trend for the Dow Jones. As part of the Dow Jones weekly forecast & analysis September 17 — 21, 2018, Ichimoku Kinko Hyo signal line area test is expected near the level of 25750, from which it is expected to attempt a rebound and further development of the upward movement with the purpose of growth near the area of 26750.
Dow Jones weekly forecast & analysis September 17 — 21, 2018
An additional signal in favor of the growth of quotations of the stock index will be a test of the support level, as well as a rebound from the lower boundary of the bullish channel. Earlier, a medium strength signal was obtained for the buy of the Dow Jones stock index, due to crossing of the signal lines at the level of 24600.
Cancellation of the variant of growth of quotations of the stock index will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 25050, which will indicate a change in the bullish trend in favor of the bearish trend and the continuation of the decline. Expect to accelerate the growth of quotations of the stock exchange index Dow Jones is with the breakdown of the resistance area and the closure above the level of 26300.
Dow Jones weekly forecast & analysis September 17 — 21, 2018 suggests a test of the level of the support level near the area of 25750, from which it is expected to rebound and continue the growth of quotations of the index with a potential target near the level of 26750, the cancellation of the growth of quotations will come down and breakdown of the area 25050, which indicates the continued decline in the Dow Jones.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
