24.03.202218:22 Forex-elemzések és áttekintések: Trading signal for Dow Jones-30 for March 24 - 25, 2022: sell in case of pullback at 34,500 (4/8 Murray - SMA 21)

On March 23, the Dow Jones-30 (#INDU) reached a high of 34,784. A technical correction followed from that level.

Today in the American session, the index is trading below the 21 SMA located at 34,500. We expect a technical bounce or pullback towards this level which will be an opportunity to sell.

Dow Jones-30 had a strong rally last week from a low of 32,573 around the zone 2/8 Murray. This week, the index is likely to make a technical correction. DJ30 is expected to return to the support 3/8 Murray at 33,593.

The key support of the 200 EMA located at 34,039 could give it a technical bounce and the Dow could once again resume its upward movement.

On the contrary, a sharp break of this zone could change the scenario and the DJ30 could start a downward trend and reach the 2/8 Murray at 32,812 in the short term.

Our trading plan for the next few hours is to sell below the 21 SMA located at 34,500 with targets at 34,039 and 33,593. The eagle indicator is in the overbought zone and a bearish move is likely in the coming days.