For Traders

Analytical Reviews

Stock Markets

18.05.201807:11 Forex Analysis & Reviews: Technical analysis of Dow Jones Industrial Average for May 18, 2018

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

After breakout from the Triangle Pattern on the daily chart, Dow Jones Industrial Average is making a higher high and lower low. We know this pattern seems to give a clue for the index close. It is in a correction phase and it is about get back to the bullish bias as long as no breakout has happened. Now, the index is bellow the 23,344 level. There is a high possibility for the index to test the previous resistance at 25,448 as the first target and 25,800 as the second target.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.