Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Dow Jones Industrial Average on Wall Street recovered, aligning with our positive expectations, and is gradually rising towards our target of 48,930, reaching a high of 48,893.
Technical Outlook – 4-Hour Timeframe:
The price remaining above the 50-day simple moving average increases the likelihood of further gains, supported by continued positive signals from the Relative Strength Index (RSI) on shorter timeframes.
Most Likely Scenario:
As long as the index holds above the 48,700 support level, the bullish trend remains the most likely scenario for today’s trading session, targeting 48,930 as the first objective, with potential gains extending towards 49,010.
Conversely, a return to trading below 48,700 would negate the bullish scenario and put the index under negative pressure towards 48,645.
Caution: The risk level is high 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: 48645 | R1: 49010 |
| S2: 48410 | R2: 49135 |
| S3: 48280 | R3: 49375 |
