{"id":77050,"date":"2022-12-13T11:43:47","date_gmt":"2022-12-13T07:43:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=77050"},"modified":"2022-12-13T11:43:51","modified_gmt":"2022-12-13T07:43:51","slug":"dow-jones-repeat-chances-of-rising-13-12-2022","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/dow-jones-repeat-chances-of-rising-13-12-2022\/12\/13\/tech-analysis\/","title":{"rendered":"Dow Jones repeat chances of rising 13\/12\/2022"},"content":{"rendered":"\n<p>A significant rally for the Dow Jones Industrial Average on the New York Stock Exchange, achieving strong gains, to start attacking the pivotal resistance level at 34,000.<\/p>\n\n\n\n<p>Technically, the index moved back above the 50-day simple moving average, in addition to the stochastic centering around the seven overbought areas, and this comes in conjunction with the positive signs of the relative strength index.<\/p>\n\n\n\n<p>From here, with steady daily trading above 33,745, the bullish bias is more likely, provided that we witness a clear and strong breach of the 34,000 resistance level, in order to enhance the chances of rising towards 34,120 and 34,225, respectively.<\/p>\n\n\n\n<p>Note: The risk level is high and careful consideration is required.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The consumer price index from the United States of America is one of the most important measures of inflation and has an impact on the interest rate decision.<\/li><\/ul>\n\n\n\n<p>&#8211; Change in unemployment benefits from the UK, Bank of England Governor&#8217;s Speech.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<figure 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