Welcome to TradrHq, We provide Technical Analysis for a selected currency pairs and Index
Starting the week of we still believe that the Dow Jones can reach 28,000. Price breach all time previous high of (26,900) indicating that the market can push above it. Also price making LH along the way which is a good indication of upward momentum. The DJI is off to a good start this Monday, so all we need is a weekly candle close above approximately (26,300).
Also if we take a look at the daily time frame we can see a failed break of daily support (25487) and also kind of spot a W formation, a good indication for a continuation of the upward price momentum.
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