{"id":87416,"date":"2023-08-07T11:53:32","date_gmt":"2023-08-07T07:53:32","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=87416"},"modified":"2023-08-07T11:53:35","modified_gmt":"2023-08-07T07:53:35","slug":"dow-jones-tends-to-fall-7-8-2023","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/dow-jones-tends-to-fall-7-8-2023\/08\/07\/tech-analysis\/","title":{"rendered":"Dow Jones tends to fall 7\/8\/2023"},"content":{"rendered":"\n<p>Mixed trading dominated the movements of the Dow Jones Industrial Average on the New York Stock Exchange at the end of last week&#8217;s trading, to conclude its weekly dealings around 35,177.<\/p>\n\n\n\n<p>On the technical side today, looking at the 240-minute chart, the Simple Moving Averages are starting to pressure the price from above, accompanied by signs of declining momentum on the short time frames.<\/p>\n\n\n\n<p>We may witness a bearish trend during the coming hours, with trading steady at 35,310, targeting 35,120 first, and breaking it will facilitate the task required to visit 35,030 next.<\/p>\n\n\n\n<p>Closing an hourly candlestick above 35,310 can thwart the suggested scenario and lead the index to the official bullish path again, as we are waiting to touch 35,515.<\/p>\n\n\n\n<p>Note: the risk level may be high.<\/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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