Forex Trading Library

Dow Jones – 25.07.2024

Technical Analysis
By Rami Abu-Draa
Dow Jones – 25.07.2024
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The Dow managed to fall below the 40000 support level which could be the first alert of another drop.
As we see on the chart, Intraday levels are showing support trends around 39600-700.
Below 39600 more of a drop toward 39000 will be expected

SUPPORT RESISTANCE
LEVEL1 39600-700 40220
LEVEL2 39000 40500-50
LEVEL3 38500 41000

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Rami Abu-Draa

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

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