DowJones (a 4-hour chart)
If we keep hearing the Fed’s soft statements and if the regulator declares the risk of further economic decline the US dollar may get under pressure once again. The dollar decrease will cause a new wave of purchases in the Bonds market.
The Dow Jones kept its bearish movement. The index broke and consolidated over the resistance at 17900 on Monday. The resistance is at the level of 18000, the support is at 17900.
MACD is in a positive area and is growing. RSI approached the overbought level of 70.
We believe the growth will be continued now. The first target is the level 18000.