
Technical Analysis of the Dow Jones US30
The Dow Jones index is moving in an uptrend on the 1-hour and 15-minute timeframes. Prices formed a liquidity zone, which is an Order Block (OB), around the 45,603 level. An upward rebound from this area is expected, but a bullish price action signal should appear before initiating buy positions. Overall, the index remains bullish on the 30-minute timeframe as well.
Key Economic News
The US dollar awaits unemployment claims data and quarterly GDP figures today. These releases are also expected to impact Dow Jones movements.
Liquidity Levels
The index is expected to target the 45,765 level, followed by 45,860.
The bullish scenario would be invalidated if prices fall back to test the 45,425 level.