. Index News - Dow Jones Technical Analysis - 01 November 2022

Index News – Dow Jones Technical Analysis – 01 November 2022

Index News – Dow Jones Technical Analysis – 01 November 2022

Dow jones technical analysis

Dow Jones Index Technical Analysis: Weekly Chart

In the weekly charts, Dow Jones is trading in a down channel. Dow Jones is currently trading below all SMA.

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

Its immediate support is 29000.00 the resistance level is at 29600.00

Dow Jones will trade in a down channel until there is a trend reversal.

Dow Jones Index Technical Analysis: Daily Chart

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

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

Its immediate support is 29000.00 the resistance level is at 29600.00

Dow Jones will trade in a down channel until there is a trend reversal.  

How to Trade Dow Jones Index this Week:

Dow Jones will follow the downtrend until its trend reversal. So, remain bearish on Dow Jones

TRADE SUGGESTION- SELL AT 29366.00, TAKE PROFIT AT 29000.00 AND STOP LOSS AT 29600.00

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