Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Dow Jones Industrial Average continues to attempt to achieve further gains on Wall Street, recording a high of 40,033
On the technical side today, we tend to be positive in our trading, relying on the positive incentive coming from the 50-day simple moving average continuing to carry the price from below, in addition to the Relative Strength Index continuing to provide additional positive signals.
From here, with daily trading remaining above 39940, the upward trend is most likely, targeting 40170 as the first target, and the gains may extend later towards 40330.
From below, the index price returning to stability below 39940 may provide an opportunity for the index to retest 39390 before attempts to rise again.
Warning: Today we are awaiting highly influential economic data issued by the American economy, “the results of the Federal Reserve Committee meeting,” and we may witness high fluctuation in prices.
Warning: Risks are high and may not be proportional to the expected return.
Warning: The level of risk is high amid continuing geopolitical tensions, and we may witness high price fluctuations.
Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.
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