Daily FX Training | Learn Forex with the Dynamic Traders: The Dow Daily

Good Evening Dynamic Traders!

Following last weeks news burden market, extending a position outside it, may indeed have been a wise choice.

The relative 'reporting serenity' this week, should promise some fruitful gain.

Pre-occupied with profit opportunities by the forex market, the Dow Index has been sadly neglected in recent notes.

Having witnessed a twelve year low earlier this year, price has since been exhibiting a steady upward mount, shrieking for recognition by the watch list!

Below is the daily chart for this Index.

Mark the significant confluence of events emitting before you!

A clinch of the value index last Friday is vigorously supported by a 123,886 formation in close proximity to a mighty zero and horizontal belt; forming a righteous resistance against the current trend.

Adding to this cluster is the value index compliance on the monthly chart.

Indeed, price has failed to successfully challenge this obstruction since May last year.

We may observe a likely retreat in the near future, after which momentum may pick up once again.

A super break out or break down opportunity is upon the vigilant trader, who will watch..... and wait.... before pouncing upon a profitable barter!