The Dow Jones Industrial Average (DJI30)<\/strong> has shown a strong upward trend on Wall Street amid a series of record closes for the US stock market.<\/p>\n\n\n\n Technically, the index remains stable above the 50-day Simple Moving Average (SMA)<\/strong>, which enhances the chances of a continued rise. However, the index is currently stable below the 45100<\/strong> resistance level, accompanied by negative signals on the Relative Strength Index (RSI)<\/strong> as it attempts to correct from overbought conditions.<\/p>\n\n\n\n As long as the price is momentarily stable below 45100<\/strong>, we may see a minor bearish correction aiming to retest 44800<\/strong> as the first support area. A break below this level could place the index under negative pressure, targeting 44720<\/strong>.<\/p>\n\n\n\n Note:<\/strong> This scenario does not contradict the overarching bullish trend, which is contingent on a confirmed breakout above 45110<\/strong>. Such a breakout could give the index an opportunity to resume its ascent toward 45175<\/strong> and 45270<\/strong>.<\/p>\n\n\n\n Fundamental Note:<\/strong><\/p>\n\n\n\n \u00b7 High-Impact Data:<\/strong> Today, we are awaiting high-impact economic data from the US economy: the Federal Reserve’s FOMC Meeting Minutes<\/strong>. This data could cause strong price volatility upon its release.<\/p>\n\n\n\n Warning<\/strong><\/p>\n\n\n\n The risk level is high amid current trade and geopolitical tensions, and all scenarios could be possible.<\/p>\n\n\n\n Disclaimer<\/strong><\/p>\n\n\n\n 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.<\/p>\n\n\n\n The Dow Jones Industrial Average (DJI30) has shown a strong upward trend on Wall Street amid a series of record closes for the US stock market. Technical Outlook – 4-Hour Timeframe Technically, the index remains stable above the 50-day Simple Moving Average (SMA), which enhances the chances of a continued rise. However, the index is …<\/p>\n","protected":false},"author":13,"featured_media":117910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[],"class_list":["post-117903","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=117903"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117903\/revisions"}],"predecessor-version":[{"id":117916,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117903\/revisions\/117916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/117910"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=117903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=117903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=117903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Technical Outlook – 4-Hour Timeframe<\/h3>\n\n\n\n
Probable Scenario<\/strong><\/h3>\n\n\n\n
S1: 44720<\/strong><\/strong><\/td> R1: 45175<\/strong><\/strong><\/td><\/tr> S2: 44550<\/strong><\/strong><\/td> R2: 45460<\/strong><\/strong><\/td><\/tr> S3: 44265<\/strong><\/strong><\/td> R3: 45630<\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"