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25.02.202217:45 Forex Analysis & Reviews: Trading signals for Dow Jones-30 (#INDU) on February 25-28, 2022: buy above 33,253 (3/8 Murray - 21 SMA)

Exchange Rates 25.02.2022 analysis

Headlines about the Ukraine crisis send stock markets lower. The Dow Jones-30 reached a low of 32,223.

Currently, it has recovered over 1,000 points and is approaching the 21 SMA at 33.253 and the top of the downtrend channel.

The main trend is bearish according to the daily swing chart. However, momentum is trending higher, following the formation of Thursday's closing price reversal bottom (32,223).

A trade through 33,300 (21 SMA) will change the secondary trend to up. A move through 32,200 will negate the closing price reversal bottom and signal a resumption of the downtrend.

A sharp break and a consolidation on the 4-hour chart above 33,250 could help the recovery of the Dow Jones and could reach 3/8 Murray at 33,550 and even 4/8 Murray at 34,375.

The recovery of the Dow Jones-30 could be considered a price correction to then resume its main downtrend. As the price of the Dow approaches the 200 EMA located at 34,7450, it will be an opportunity to sell with targets towards 33,600 and up to 32,250.

Our trading plan for the next few hours is to buy the Dow Jones-30 above 32,250 (21 SMA) with targets towards 33,400. The eagle indicator is showing a positive signal and a recovery of the industrial index is likely to occur in the coming days.

Support and Resistance Levels for February 25 - 28, 2022

Resistance (3) 33,917

Resistance (2) 33,685

Resistance (1) 33,517

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Support (1) 33,812

Support (2) 32,518

Support (3) 32,031

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Scenario

Timeframe H4

Recommendation: buy above

Entry Point 33,253

Take Profit 33,593; 35,375

Stop Loss 33,170

Murray Levels 35,156 (5/8), 34,375(4/8) 33,593(3/8), 32,812(2/8)

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*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Dimitrios Zappas,
Analytical expert of InstaSpot
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