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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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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The Dow Jones Industrial Average (DJI30) turned bearish after facing strong resistance near 45,560, triggering downside pressure and negative trades. Technical Outlook – 4-hour timeframe: The 50-period simple moving average is pressing on the price from above, reinforcing its role as a resistance level that may limit further upside attempts. …
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The Dow Jones Industrial Average (DJI30) turned bearish after facing strong resistance near 45,606, which triggered downside pressure and some negative trades. Technical Outlook – 4-hour timeframe: The 50-period simple moving average is weighing on the price from above, acting as resistance and potentially limiting any recovery attempts. The Relative …
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