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DJ30 Getting Worse-trusted trading apps malaysia

trusted trading apps malaysiaHXFXglobal reminds you:

FED In Hawkish, DJ30 Getting Worse

trusted trading apps malaysia-HXFXglobal-FED In Hawkish, DJ30 Getting Worse_Technical Analysis

Continued Rise In U.S. Treasury Yields Is Bad For DJ30, DJ30 Shock And Biased To The Bearish Side
Operation Suggestions
Investors are suggesting to trade in 34440 with a sell order in short-term, take profit on 33970, stop loss on 34650.
Minutes of the FED’s March meeting showed policymakers generally agreed to cut $60 billion in U.S. Treasuries and $35 billion in mortgage-backed securities (MBS) each month from the balance sheet and support multiple rate hikes of 50 basis points, hawkish the tone hit investors sentiment in U.S. stocks, and DJ30 fell. Morgan Stanley said that if the FED raises interest rates by 50 basis points in May and June, it will definitely have an adverse impact on the stock market. The continued rise in U.S. Treasury yields will also put pressure on the stock market, DJ30 will increase resistance when in high position.
Technical aspect
In the 4-hour K-line chart, 5,10,20MA fells, K-line falls below 20MA, KD indicator is arranging at a low level, MACD histogram in negative value, MACD double line arranging, shocks in interval after short-term fells, the middle rail of Bollinger Bands constitutes resistance, rebound can take the profit of buy order, investors are suggesting can trade with a sell order when in a high position.
*The above contents are the opinions of third-party media commentators, and do not represent the position of this platform. The opinions are for reference only. Investors should make independent judgments, prudently evaluate, and bear investment risks at their own risk.

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