Forex Trading Library

Dow Jones – 07.11.2025

By Rami Abu-Draa On Nov 7, 2025

The Dow managed to meet the target of 47000 a few days ago.

As we see over the chart, the market is facing support at 46400-650, which if managed to hold above it, the advance wave could return towards 48000 and 48500.

Below 46400 more of a drop towards the 45400-500 zone will be expected.

	SUPPORT	RESISTANCE
LEVEL1	46400-650	47450
LEVEL2	45850	48000
LEVEL3	45400	48500

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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