Forex Trading Library

Dow Jones –31.01.2025

Technical Analysis
By Rami Abu-Draa
Dow Jones –31.01.2025
0 24

The Dow managed to meet the target of 44500 last Friday which managed to lead for some profit taking.
The Market still holding above the support of 43700, which could keep the chance for another advance toward 44500 and 45100.
Below 43700 more of a drop will be expected with supports at 43220 and 42970.
The market managed so far to hit a 45025 high while closing from the second target of 45100.

SUPPORT RESISTANCE
LEVEL1 44500 45100
LEVEL2 43700 45600
LEVEL3 43220 46000

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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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