The Dow Jones Industrial Average posted losses during the previous trading session after reaching a high of 48,745.<\/p>\n\n\n\n
Technical Outlook \u2013 4-Hour Timeframe:<\/p>\n\n\n\n
The 50-period Simple Moving Average (SMA) has started to apply downward pressure on the index, increasing short-term negative momentum. At the same time, the Relative Strength Index (RSI) is turning lower, signaling a loss of bullish momentum.<\/p>\n\n\n\n
Likely Scenario:<\/p>\n\n\n\n
As long as daily trading remains below the 48,540 resistance level, the index may be exposed to further downside, with a potential retest of 48,145. Conversely, a return to trading above 48,540 could support a recovery move toward 48,610, followed by 48,680.<\/p>\n\n\n\n
Note: Today, markets are awaiting high-impact US economic data, including non-farm payrolls, average earnings, unemployment rates, and the preliminary readings of the manufacturing and services Purchasing Managers\u2019 Index (PMI). Elevated price volatility is expected around the release times.<\/p>\n\n\n\n
Warning: The level of risk remains high and may not be commensurate with potential returns.<\/p>\n\n\n\n
Warning: Heightened trade and geopolitical tensions continue to elevate risk levels, and all scenarios remain possible.<\/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 posted losses during the previous trading session after reaching a high of 48,745. Technical Outlook \u2013 4-Hour Timeframe: The 50-period Simple Moving Average (SMA) has started to apply downward pressure on the index, increasing short-term negative momentum. At the same time, the Relative Strength Index (RSI) is turning lower, signaling …<\/p>\n","protected":false},"author":9,"featured_media":121747,"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":[7192,11285],"class_list":["post-121736","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-dow","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121736","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=121736"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121736\/revisions"}],"predecessor-version":[{"id":121748,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121736\/revisions\/121748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/121747"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: 48145<\/strong><\/td> R1: 48610<\/strong><\/td><\/tr> S2: 47975<\/strong><\/td> R2: 48910<\/strong><\/td><\/tr> S3: 47675<\/strong><\/td> R3: 49080<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"