. Dow Jones Price Forecast & Technical Analysis - 07 November 2022

Dow Jones Price Forecast & Technical Analysis – 07 November 2022

Dow Jones Price Forecast & Technical Analysis – 07 November 2022

Dow jones technical analysis

Dow Jones Index Technical Analysis: Weekly Chart

In the weekly charts, Dow Jones was trading in a down channel. Dow Jones is currently trading above all SMA except MA (50).

RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 32000.00 the resistance level is at 32800.00

Dow Jones was traded in a down channel before there is an upside breakout.

Dow Jones Index Technical Analysis: Daily Chart

In the daily charts, Dow Jones was trading in a down channel. Dow Jones is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 32000.00 the resistance level is at 32800.00

Dow Jones was traded in a down channel before there is an upside breakout.  

How to Trade Dow Jones Index this Week:

Dow Jones will follow the uptrend until its trend reversal. So, remain bullish on Dow Jones

TRADE SUGGESTION- BUY AT 32309.00, TAKE PROFIT AT 32800.00 AND STOP LOSS AT 32000.00

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