Forex Trading Library

Dow Jones–08.08.2025

Technical Analysis
By Rami Abu-Draa
Dow Jones–08.08.2025
0 20

Dow managed to break below 44300 yesterday which managed to push market for farther drop toward 44770 as we advised before

Market back to consider 44400-500 as resistance trend which may keep the drop pressure over market for farther drop toward 43300

Above 44500 market may gain strength again for farther advance with resistances at 44750 and 45100

 

SUPPORT RESISTANCE
LEVEL1 43740 44400-500
LEVEL2 43300 44750
LEVEL3 43050 45100
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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