News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Get your snapshot update of the of market open and closing times for each major trading hub around the globe here: https://t.co/BgZLFljIhZ https://t.co/YjUfOUY3vU
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.30% 🇨🇭CHF: -0.41% 🇬🇧GBP: -0.62% 🇨🇦CAD: -1.12% 🇳🇿NZD: -1.87% 🇦🇺AUD: -2.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ZdHY0q1ocW
  • #Gold Price Forecast: Gold Breakdown Accelerates – $XAUUSD Bulls Done? - https://t.co/uATlmZg8g6 https://t.co/vIbhg5HOko
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.20% Gold: -2.10% Silver: -2.97% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/UVS4Dowq2o
  • Nasdaq ETF QQQ sees its largest outflow in a month as investors shied away from tech stocks. Get your #Nasdaq market update here:https://t.co/tQU09WVHMD https://t.co/onCVQl0xay
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.13%, while traders in GBP/JPY are at opposite extremes with 67.63%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/PYZh1az5EC
  • Crude extends yesterday's losses, falls by nearly 3% $WTI $USD https://t.co/oflSuTFd5E
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.31% Germany 30: 0.25% France 40: 0.21% US 500: 0.02% Wall Street: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/TWSDaLD0Ot
  • This is the $AUDUSD biggest bearish day since March 18th and on the cusp of the 100-day moving average / trendline support combination. Medium-term correlation with the $SPX is strong, so will the correlation break or is one leg going to capitulate? https://t.co/TR3P0qytAe
  • NZD/USD selling off, now extending losses towards 0.723 $NZDUSD https://t.co/vucOu1YKPB
Dow Jones Industrial Average Struggling to Clear the 20,000 Hurdle

Dow Jones Industrial Average Struggling to Clear the 20,000 Hurdle

Jeremy Wagner, CEWA-M, Head of Education

Talking Points

-Dow Jones Industrial Average (DJIA) finishes the first week of January near the visible 20,000 mark

-20,000 remains a reactionary zone that may suppress prices

-A break above 20,000 opens the door to 20,600 and 21,300

DJIA finished the first week of the new year on a strong note coming within a whisker of the highly visible 20,000 mark.

It appears as if DJIA just finished a small flat correct last week that saw prices rocket higher. There is some congestion of wave relationship showing up near 20,000. A successful break above 20,000 opens the door to higher levels towards 20,600 and 21,300.

If prices dip, the selloff appears to be within the context of an uptrend and is likely to be supported at lower levels. A dip towards 19,000-19,250 would not be that unusual. A break below 18,600 would be a cause for concern that another pattern is at play.

Join Jeremy for his US Opening Bell webinars to discuss patterns for DJIA. Register and join here.

This is a shorter-term outlook for DJIA, for an equity market quarterly forecast grab a copy here.

Dow Jones Industrial Intraday Chart

Dow Jones Industrial Average Struggling to Clear the 20,000 Hurdle

Created using TradingView

---Written by Jeremy Wagner, Head Trading Instructor, DailyFX EDU

Follow me on Twitter at @JWagnerFXTrader .

See Jeremy’s recent articles at his Bio Page.

To receive additional articles from Jeremy via email, join Jeremy’s distribution list.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES