Noor Trends News, Technical Analysis, Educational Tools and Recommendations
An upward trend continues to dominate the Dow Jones Industrial Average, reaching a high of 48,183.
Technical Outlook – 4-Hour Timeframe:
The 50-period Simple Moving Average (SMA) continues to support the broader daily uptrend and provides positive momentum for price movements. The Relative Strength Index (RSI) is also generating positive signals, confirming the strength of the ongoing bullish momentum.
Likely Scenario:
As long as daily trading holds above 47,880, an upward continuation remains likely, provided the price confirms the 48,130 resistance level. A successful break above this zone could allow the index to extend gains toward 48,195 as an initial target, followed by 48,215.
Conversely, a confirmed break below the 47,880 support level would place direct downward pressure on the index, potentially pushing it toward 47,830 and then 47,640.
Caution: The risk level remains high and may not be aligned with potential returns.
Warning: The level of risk is elevated amid ongoing trade and geopolitical tensions, and all scenarios remain possible.
Trading in CFDs involves risks, and therefore all scenarios are subject to potential outcomes. The analysis provided above is not a recommendation to buy or sell but rather an illustrative reading of price action on the chart.
| S1: 47830 | R1: 48195 |
| S2: 47640 | R2: 48375 |
| S3: 47465 | R3: 48565 |
