Is the following Dow Jones station 35,000?

Is the following Dow Jones station 35,000?

Table of Contents


US Greenback Index 

The greenback index has risen to 106.85, however continues to be beneath the extent of 107.27, the earlier resistance from 27 July 2022 which has been examined ten occasions.

The greenback index is buying and selling above the 50 arithmetic common, and the typical is above the 200 common, on the hourly time-frame. The RSI is on the stage of 56, above 50, and beneath the overbought 70, and the stochastic indicator is at 79 and heading down.

The long-range MACD signifies bullish momentum because the indicator is above zero, however heading downwards, which signifies the opportunity of a reversal and a downward motion quickly.

Euro Greenback

EURUSD  (Fiber) fell – affected by the robust rise within the Greenback Index, to succeed in the 1.0121 assist, a stage examined thrice earlier than. Fiber is testing the 50-hour common now, and if it breaks and stabilizes above, it’s going to open the way in which for 1.0363, the earlier resistance from August 11, 2022.

Pound Greenback 

GBPUSD (Cable) stays beneath stress, breaking the 50 hour common, and buying and selling beneath the 200 hour common as nicely. The long run MACD is indicating bearish momentum, however the STOCH and RSI are indicating a doable reversal is close to.

The Pound is near testing the 50-hour common. Within the occasion of a breach and stability above, it’s going to open the way in which to check the 1.2274 stage, which is the earlier resistance from August 10, 2022.


Gold examined the 1800 stage, consolidating its features with the higher than anticipated inflation report issued by the USA which can have indicated that inflation had reached its peak and commenced to say no. The Greenback fell after the report and Gold benefited from this decline by attaining features to check 1800 .

The impression of the report shortly wore off, with recession fears from China and the Folks’s Financial institution of China slicing charges by 10 foundation factors prompting buyers to hurry to the Greenback, and Gold falling once more to 1759, the assist from August 3, 2022.

Technically: Gold is buying and selling beneath the 50 hour shifting common, and beneath 200 hours as nicely. The subsequent assist is 1750 after which 1730 . Within the occasion that merchants determine to guess on the rise of gold and break by means of the 50-hour common, and settle above, the following ranges are 1800 after which 1830 resistance on June 27, 2022.

USOil Markets 

USOil fell, amid fears of lack of demand and optimism for an Iranian-US nuclear settlement. Oil is now buying and selling at 88.88 {dollars} a barrel, above the 50-hour common, however beneath the 200-hour common. The overall development stays bearish, and the following ranges for assist are $85 a barrel, then $80, a assist space from January 21, 2022.

Dow Jones 30 Industrial Index

The Dow Jones (US30) index reached its peak close to the extent of 37,000 on January 5, 2022, after which fell to the bottom stage of 29,680 on June 17, 2022. It has been reaping features, breaking by means of resistance and settling above the assist since then, supported by the approaching finish of the Fed’s tightening package deal and the robust income which were introduced from a number of the key corporations within the Index.

It’s clear that the bullish momentum continues technically. The index is at the moment buying and selling at 33985, and is heading up, breaking the 50 hour SMA now, and the 200 hour index is settling above. The long-term MACD signifies bullish momentum, though it reveals the momentum is heading down, however this may be thought-about a correction to finish an upward path.


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Islam Salman

Market Analyst – Center East

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