Forex Trading Library

Dow Jones – 05.02.2026

Technical Analysis
By Rami Abu-Draa
Dow Jones – 05.02.2026
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As we see over the chart, the Dow is still facing several supports while Indicators showing weakness over the market.
However, the uptrend channel support zone at 47780-48100, could lead to a rebound.
Below 47780 more of a drop toward 45700 zone could hit the market.

SUPPORT RESISTANCE
LEVEL1 48780 49650-700
LEVEL2 48300 50000-100
LEVEL3 47600-700 50600
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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