Long
US30: Easing inflation Data, Confirmation of the Bullish Trend?
Hello Fellow Global Stock Investor/Trader, Here's a Technical outlook on Dow Jones 30!
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
Technical Analysis
US30 has broken out of the bearish trendline. The price still moves above the EMA 90, indicating a bullish trend. The MACD Indicator created a golden cross that signified a potential bullish bias ahead. We conclude there is a possible upside movement to the target area.
Fundamental Drives
Easing Inflation Data
- U.S Inflation came to 7.7% in October, lower than Analyst Expectations.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the Dow Jones 30"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
Technical Analysis
US30 has broken out of the bearish trendline. The price still moves above the EMA 90, indicating a bullish trend. The MACD Indicator created a golden cross that signified a potential bullish bias ahead. We conclude there is a possible upside movement to the target area.
Fundamental Drives
Easing Inflation Data
- U.S Inflation came to 7.7% in October, lower than Analyst Expectations.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the Dow Jones 30"
Trade attivo
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Update: Creating Consolidation Around Resistance Area
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.