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| Technical Analysis for Dow Jones 15-7-2015 |
Dow Jones moved yesterday in the average movement of 232 pips, its highest level at 18018 and the lowest Level at 17785 and closed at 17862 to lose 115 pips during yesterday’s trading.
Dow opened today's trading at 17809 volatile between 17777 and 17809 during the Asian session trading at 32 Pips for the poor liquidity in the market range.
Dow moves in a series of up impulse waves after returning to the parallel price channel.
It is expected that the Dow is heading targeting 18070 as the target on time frame of four hours and until now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today we could see sharp trading because of the economic data from the USA
Support levels: 17758.66 and 17655 and 17525
Resistance levels: 17991 and 18121 and 18224
More Technical Outlook FxStations
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