Forex Trading Library

Dow Jones–08.04.2026

By Rami Abu-Draa On Apr 8, 2026

The Dow passed above the resistance 46900 which led to an advance after the US and Iran agreed to a two-week ceasefire.
As we see over the chart, the resistance zone is around 48000-220 whilst support at 46800-900 could hold the market inside this trading zone.
Above 48220 more advance toward 49000 could hit the market.
Below 46800 more of a drop is likely.

	SUPPORT	RESISTANCE
LEVEL1	47400	48000-220
LEVEL2	46800-900	49000
LEVEL3	45730	49450

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.

Gold –08.04.2026