Dow Jones Index Technical Analysis | Dow Jones Index Trading: 2022-09-21 | IFCM
IFC Markets Online CFD Broker

Dow Jones Index Technical Analysis - Dow Jones Index Trading: 2022-09-21

Dow Jones Index Technical Analysis Summary

Accelerometer arrow
Strong SellSellNeutralBuyStrong Buy

Below 30400

Sell Stop

Above 33700

Stop Loss

Mary Wild
Senior Analytical Expert
Articles 2058
IndicatorSignal
RSI Neutral
MACD Sell
Fractals Sell
Parabolic SAR Sell
Bollinger Bands Neutral

Dow Jones Index Chart Analysis

Dow Jones Index Chart Analysis

Dow Jones Index Technical Analysis

On the daily timeframe, DJI: D1 is in a downtrend. It went down from the triangle pattern. A number of technical analysis indicators formed signals for further decline. We do not rule out a bearish movement if DJI: D1 falls below the latest low: 30400. This level can be used as an entry point. The initial risk limit is possible above the last three upper fractals, the upper Bollinger band, the 200-day moving average line, the Parabolic signal and the upper border of the triangle: 33700. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal high. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (33700) without activating the order (30400), it is recommended to delete the order: there are internal changes in the market that were not taken into account.

Fundamental Analysis of Indices - Dow Jones Index

US stocks are falling on the back of an expected increase in the Fed rate. Will the correction of DJI quotes continue?

On September 21, the next meeting of the Fed. According to CME FedWatch, with a probability of 84% the rate will be increased by 0.75% and with a probability of 16% - by 1%. Now it is 2.5%. On Tuesday, U.S. The 2-year note almost hit 4% per annum for the first time since October 2007. The US 10-year Treasury yield rose yesterday to an 11-year high of +3.6% per annum. Thus, investors hope for a real tightening of the Fed's monetary policy and do not rule out an increase in its rate to 4.5% by March 2023. The growth of bond rates has a negative impact on the quotes of most stocks. Note that the global rise in commodity prices can reduce the production of American industry. Automaker Ford Motor did not rule out an increase in costs and a decrease in sales against the backdrop of high inflation. Its shares fell 12% yesterday. Recall that the publication season of quarterly financial statements of US corporations will begin on 11 October.

IFCM Trading Academy - New era in Forex education
Pass Your Course:
  • Get Certificate
trading academy

The best trading conditions and high-level services for our clients

We are ready to assist you on any issue 24 hours a day.

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

Close support
Call to Skype Call to WhatsApp Call to telegram Call Back Call to messenger