Source: PaxForex Premium Analytics Portal, Technical Insight

The U.S. stock market closed trading on Tuesday with growth due to the strengthening of industry, consumer services and finance sectors. At the time of closing on the New York Stock Exchange, Dow Jones rose by 1.93%.

Dow Jones 30, H4

Pivot: 27568.00

Analysis:

Provided that the index is traded above 27040.00, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 27568.00
• Take Profit 1: 27875.00
• Take Profit 2: 28160.00

Alternative scenario: 

In case of breakdown of the level 27040.00, follow the recommendations below:

• Time frame: H4
• Recommendation: short position
• Entry point: 27040.00
• Take Profit 1: 26500.00
• Take Profit 2: 26145.00

Comment:

RSI indicates an uptrend during the day.

Key levels:

Dow Jones 30, D1

Pivot: 27429.00

Analysis:

While the price is above 26100.00, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 27429.00
• Take Profit 1: 28420.00
• Take Profit 2: 29200.00

Alternative scenario:

If the level 26100.00 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 26100.00
• Take Profit 1: 25000.00
• Take Profit 2: 24025.00

Comment:

RSI is bullish and indicates further increase.

Key levels: