The Dow managed to meet the target of 47550 last week and managed to break above it.
The Dow managed to meet the target of 47550 last week and managed to break above it.
As we see over the Intraday chart, prices face supports at 47370 and 47090, and if the market holds above one of those supports, the advance wave could sustain toward 48000 and 48420.
Below 46850 the downtrend pressure could return to affect the market.
Orbex LIMITED is a fully licensed and Regulated Cyprus Investment Firm (CIF) governed and supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number 124/10). Orbex LIMITED is licensed to provide Investment Services (Reception & Transmission, Execution and Dealing on own account) and Ancillary Services.
Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, the level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Comments
Log in or sign up to join the conversation.