Dow Jones may continue its gradual rise 30/1/2025

The Dow Jones Industrial Average maintained an upward trajectory in the previous session, gradually advancing toward the first target at 45,200, reaching a high of 45,140.

Technical Outlook:

• The index held above minor support at 44,380 and key support at 44,760.
• Simple moving averages on short time intervals are attempting to provide a positive push.

Key Levels to Watch:

• Bullish Scenario:
  • Stability above 44,760 could support a rise toward 45,160, with a potential extension to 45,340 if breached.
• Bearish Scenario:
  • An hourly close below 44,760 may place the index under negative pressure, leading to a decline toward 44,560.

Market Risks & Upcoming Data:

• The Stochastic indicator suggests possible short-term fluctuations before confirming a clear direction.
• High-impact events today include the European Central Bank’s monetary policy statement, interest rate decision, and ECB President’s press conference, which could cause volatility in the market.

Risk Warning: Given ongoing geopolitical tensions, all scenarios remain possible.

Disclaimer: Trading in CFDs carries inherent risks, and all scenarios are possible. This analysis is not investment advice but rather an interpretation of the current technical landscape for the Dow Jones Industrial Average.

S1: 44765	R1: 45160
S2: 44560	R2: 45340
S3: 44375	R3: 45540