US30 short-term analysis for 04 April 2022
If the index can maintain its area of strength, this may be a "buy the dip" opportunity.
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If the index can maintain its area of strength, this may be a "buy the dip" opportunity.
The German index retreats today, as Russia-Ukraine optimism wanes and Germany activates its Emergency Plan for Gas
The US index runs its fourth straight profitable day and extends gains after the solid start to the week, as markets appear optimistic around the situation in Ukraine
The left chart show's the GER30 daily heikin ashi (HA) candles. Over the last six trading sessions, the index has battled and failed to overcome overhead resistance around the 14,550 level (red shaded horizontal). HA candles are trend-following in nature, and the latest candle has turned red after the index reaction off of resistance - a bearish development The righthand hourly chart has bearish signals. The EMAs have turned down,…
The US index starts the week on the back foot, following the solid rebound of the previous one, as markets monitor the situation in Ukraine
The German index is mixed today, following a two-week rebound, having achieved its best performance of the year, during the last one
Short-term traders need to align with the daily participants for the index to appreciate further.
US30 moves into bullish area, but caution is suggested given market headwinds.
Although, the daily chart is showing signs of resilience, caution is still needed.
FXCM's Dow Jones Industrial Average CFD, US30, is in the weak zone of its daily chart, between the lower blue and red bands. Therefore, it will be positive if it moves up into the neutral area, between the blue bands (green arrow). However, the hourly chart on the right needs to continue with its bullishness to make this progress. The hourly EMAs and stochastic have crossed bullishly (black ellipses). Still,…
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