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Dow Jones Technical Analysis

On the daily chart below, we can see that the price action is very confusing with no clear direction. Nonetheless, the price sold off from the 34477 resistance zone with the moving averages crossing to the downside in a possible sign of a trend switch. As the price rallied after the strong NFP report, the sellers leant on the red long period moving average and the price fell again. The economic data has been giving conflicting signals lately, so the technicals are more helpful at the moment to g... Read More

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Jones

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Forex

Posted: May 12 2023, 08:54

Author Name: forexlive

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