DJ30 is in a bullish trend and it only seems reasonable to buy DJ30 at the support level priced at 35350. This is the level to go long on the pair till the next impulse dries down. The trend on dj30 is bullish and has formed higher highs and higher lows on it. We will continue buying it till the bullish momentum fades away.

The ascending trendline is on the verge of being retested at the support level. Once it rejects the support completely, we will have a price action of the bullish side to continue it up.

There is no retracement setup on this pair.

The EMA 50 is still bullish and is far below the price action of it. Therefore, EMA 50 won't be of much help on this setup.

RSI is at 64. It means, markets needs to retest the neutralized level at the 50 in order to align itself with the price action.

DJ30 buys after FOMC

Jul 26 2023