Forex Analysis & Reviews: 21.04.2021 - Trading Signal for Dow Jones...

The Dow Jones #INDU, on the morning of the American session, before the opening of the New York Stock Exchange, Dow Jones futures are trading near the Murray 7/8 support, this is a good point where the Dow It could make a technical bounce and go looking for the 21 SMA zone.

The US dollar USDX is once again showing signs of recovery, which caused the stock markets to fall significantly on Tuesday, which caused many investors to take refuge in the world reserve currency.

However, today in the American session we noticed that the SPx500 is showing a bullish signal which is likely that the Dow Jones will also resume the bullish path, and we could see a bullish momentum to the level of 33,890 and 34,000.

On the other hand, a break below Murray's 7/8 around 33590, there may be a slowdown to the support of the EMA 200 located at 32950.

Our recommendation for today is to buy above Murray's 7/8 and sell below the SMA of 21, it is likely that in the next few hours it will consolidate within this range.

Support And Resistance Levels For April 21 - 22, 2021

Resistance (1) 33,772

Resistance (2) 33,891

Resistance (3) 33,975

Support (1) 33,611

Support (2) 33,482

Support (3) 33,279

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.