Sunday, August 26, 2018

DOWJONES - 27 August 2018


Fundamental Highlights

U.S. stocks jumped up on Friday with S&P and Nasdaq hitting their all-time high. This came after President Donald Trump, criticism’s last week, Moreover, Federal Reserve Chairman Jerome Powell affirmed the central bank’s strategy of gradually normalizing monetary policy, highlighting the strength in the economy and robust corporate results that have helped to support investment appetite for equities.

Technical Analysis

Dow moved up 133 points. After reaching its highest level in a long while, the index may now see a downward move towards the 25715.5 support. In addition, after that figure is reached it may retreat and make a move in the direction of the 25889.0 area.

Support: 25715.5 25674.0
Resistance: 25889.0 25950.0

Chart (H1)