Metals
Dow Jones Technical Analysis
The Dow Jones chart exhibits sideways-to-bearish consolidation after a volatile period. The price is currently 46,130 and appears range-bound.
Moving averages MA(5), MA(10), and MA(30) are slopping downward. Conclusion: The technical picture is neutral with a short-term bearish bias. The index is stuck in a range. Traders would look for a breakout either above the 46,500 area for a bullish move or below the 46,000 support level to confirm a new downtrend.
Dow Jones 1H Chart
| Resistance | 46,220 | 46,383 | 46,487 |
| Support | 46,000 | 45,935 | 45,784 |
Silver Technical Analysis
Silver shows a strong uptrend followed by a recent pullback on the hourly chart. Price has risen from the $43.66 level to a high near $47.53.
The three major moving averages are tightly grouped and pointing upward, confirming the overall bullish trend. The recent consolidation caused the short-term moving averages to dip close to the longer-term before resuming their upward path, suggesting the primary uptrend is still intact.
MACD was firmly in bullish territory until the correction, which caused the histogram to dip below the zero line.
The technical picture is mildly bullish. The overall trend is up, but the recent bearish cross suggests a loss of short-term momentum. Traders need to look for a clear break above the recent high $47.53 for confirmation of a new push higher.
Silver 1H Chart
| Resistance | $47.55 | $48.00 | |
| Support | $46.66 | $45.80 | $45.23 |
EURUSD Technical Analysis
EURUSD reached a low around 1.1645 and has been in a sustained uptrend since then with higher highs and higher lows on the hourly chart.
Short-term moving averages MA(5) and MA(10) have crossed above the longer-term moving average, and all are trending upward. This is a classic bullish signal, indicating that short-term momentum is stronger than the longer-term average.
MACD is above the Signal line, both reinforcing the strong bullish momentum.
Overall, the upward momentum is strong. A test of 30-period moving average could support prices higher.
EURUSD 1H Chart
| Resistance | 1.1778 | 1.1821 | 1.1873 |
| Support | 1.1740 | 1.1716 | 1.1685 |
