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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

Dow Jones 08.03.2021

Technical Analysis
Monday, March 08, 2021 - 23:32
Point Trader Group
Dow Jones 08.03.2021

Overview:

Prices are moving in a short term downtrend

Expected:

The pair is trading below a strong resistance level around 31660, which enhances the downside chances during the day's trading to 31140

Alternative Scenario: 

On the other hand, we think that if the level of 31660 was broken to the upside, this pair might push further up to 32039

 

Resistance31660.0032039.0032250.00
Support31140.0030995.0030672.17

 

 

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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