The Dow Jones Industrial Average (DJI30) extended its bullish momentum, successfully reaching the target mentioned in the previous report at 47,140, and posting a new session high of 47,163. Technical Outlook – 4-Hour Timeframe: The 50-day Simple Moving Average (SMA) continues to act as dynamic support, reinforcing the broader bullish …
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The index continues its advance on Wall Street, gradually approaching the 47,000 psychological barrier. Technical Picture: 50-day SMA: Provides consistent support, reinforcing the prevailing bullish bias. RSI: Maintains positive signals on short-term timeframes, reflecting sustained upward momentum. Probable Scenario: Bullish Case (preferred): As long as daily trading consolidates above 46,660, …
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The index extended its downside move, in line with bearish expectations, touching the official target at 46,430 and recording a session low of 46,388. Technical Outlook: 50-period SMA: Continues to act as dynamic resistance, reinforcing downward pressure. RSI: Sending negative signals, reflecting a gradual weakening of momentum. Probable Scenario: Bearish …
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The index recorded notable gains in the previous session, reaching a high of 46,787. Technical Outlook: 50-period Simple Moving Average (SMA): Continues to support the price from below, reinforcing the broader bullish structure. Relative Strength Index (RSI): Entering overbought territory and beginning to send negative signals, indicating short-term momentum may …
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The index succeeded in achieving the first bullish target outlined in the previous report at 46,635, recording a session high of 46,784. Technical Outlook: 50-period Simple Moving Average (SMA): Continues to support the price from below, acting as dynamic support and reinforcing the bullish outlook. Relative Strength Index (RSI): Showing …
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The index continued its attempts to preserve recent gains, recording a morning high of 46,608. Technical Outlook: 50-Day Simple Moving Average (SMA): Acting as a support level from below, reinforcing the possibility of continued upward movement. Relative Strength Index (RSI): Showing positive signals on short-term timeframes, suggesting potential for further …
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The index extended its gains in the previous session, recording a high near 45,990, but short-term indicators suggest cautious trading. Technical Outlook: Moving Averages: The 50-period SMA is exerting slight downward pressure, hinting at potential short-term corrective moves. Momentum Indicators: The RSI is showing negative signals, reinforcing the likelihood of …
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The Dow Jones Industrial Average extended its rally on Wall Street, recording a new all-time high of 46,008. Technical Outlook – 4-hour timeframe: The 50-period simple moving average (SMA) continues to underpin the bullish momentum, acting as a dynamic support for price action. Meanwhile, the Relative Strength Index (RSI) is …
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In the current market landscape, a confusing mix of economic signals has triggered a frenzy of optimism on Wall Street. On one hand, the Dow Jones Industrial Average has soared to new heights, fueled by hopes that the Federal Reserve will soon begin cutting interest rates. On the other, data …
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The Dow Jones Industrial Average (DJI30) extended its downward move in line with the expected trajectory outlined in the previous report, with a break below 45,450 increasing selling pressure and driving the index to a low of 45,321. Technical Outlook – 4-hour timeframe: The 50-period simple moving average (SMA) has …
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