fbDJI Price Bias Is Still Bullish | IFCM

DJI Price Bias Is Still Bullish

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    2020/09/21
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The DJI,H4 price forecast in our July 2, 2020 technical analysis was bullish.

  • Market data after DJI,H4 July 2, 2020 technical analysis still indicate bullish bias.
  1. DJI,H4 closed 0.4% higher on July 2, 2020.
  2. Above expected 4.8 million Americans returned to work in June.

Here is what indicators show as of July 6, 2020:

  • The Parabolic Indicator gives a bullish signal.
  • The Donchian channel indicates uptrend: it is narrowing up.
  • The MACD indicator gives a bullish signal.
  • The RSI oscillator gives a neutral signal.
  • The Fractals give neutral signal.
  • The MA(200) Indicator gives a bullish signal.

So the bullish forecast still stands for the DJI,H4.

OrderBUY
Buy stopAbove 26266.3
Stop lossBelow 25711.4

US Labor Department June jobs report

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