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Dow Jones – market prognosis for calendar week 30/2015

Weekly chart:

Once again, the DOW was able to put forth a strong performance this week. The chances are currently more on the upper side.

Chart1

Daily chart:

The corrective downtrend has been broken and the DOW was able to advance strongly, overcoming the 20 location point line from the week as it did so. For a new trend, however, another correction in this trend size would still be needed. Ideally, a return to the 20 LP from the week would provide new momentum to start a new movement. However, the stock exchange does not always play along nicely, which is why a direct continuation of the current movement should also be taken into account. In this case, one should specialize in the smaller trend sizes.

Chart2

Hourly chart:

The trend in the hourly chart also managed to remain intact until the weekend. From the last high at 18074 points, the DOW came back right into its last correction zone. There, it was able to stabilize itself and even run into a new movement. This means that at the start of the new week, the greater odds are more on the upper side here, too.

Chart3

All the best

Markus Gabel

Head of Sales/Trading

AgenaTrader/TradeEscort

AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Monday, 20 Jul, 2015 / 11:20

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