MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Trading Signal for DOW JONES, #NDX, for July 21 - 22, 2021: Buy above 34,375


The Dow Jones industrial index, #INDU, is trading above the SMA of 21 and the EMA of 200. This level is the key given that the 8/8 of murray is located there, offering triple support.

Risk aversion around the world and widespread uncertainty due to the increasing cases of Covid-19 has been giving volatility to the Dow Jones and other stock markets. The Delta variant is spreading more rapidly and could jeopardize the global economic recovery.

On the other hand, the US dollar index has reached the level of 93.15. In a 1-hour chart, it has formed a double top. If this reversal pattern is confirmed, it could give the Dow Jones upward strength in the next few hours.

Risk aversion was also evident in bond markets, with the yield on 10-year US Treasuries again falling to a five-month lows of 1.25% last week.

According to the chart, we can see that the Dow Jones #INDU is showing an upward bias. As long as it remains above 34,375, we should buy with targets in the zone of 34,765.

The 34,765 resistance zone is a key level. If the Dow Jones reaches this level, it will be a good selling opportunity with targets at 34,375. We believe that the Dow Jones could be negotiated within this price range between 200 and +1/8 EMA murray in the short term.

Our recommendation is to buy at current price levels or wait for a bounce towards the 200 EMA around 34,375, targeting 34,765 (+1/8). The eagle indicator is showing a bullish signal for the next few hours.

Support and Resistance Levels for July 21 - 22, 2021

Resistance (3) 35,032

Resistance (2) 34,945

Resistance (1) 34,786


Support (1) 34,493

Support (2) 34,340

Support (3) 34,127

The material has been provided by InstaForex Company -