Forex Trading Library

Dow Jones – 21.04.2025

Technical Analysis
By Rami Abu-Draa
Dow Jones – 21.04.2025
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As we advised in the last two weeks and as we see over our previous chart

Dow managed to hold trades below resistance 40915 while managed to fell toward 38766 so farand closing from support and target 38425

As we see over the chart and as long as market keep holding trades below 40915 resistance the downtrend wave still ongoing for farher drop toward 37400-500 and below

Above 40915 more advance to test 41800-900 may hit the market which in turn may push for another drop wave

 

SUPPORT RESISTANCE
LEVEL1 38425 39050
LEVEL2 37750 39450
LEVEL3 37400 39700

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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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