US30 Hourly Pulls Back to Support
The US30, FXCM’s DJI CFD, is in the area on the on the left. We note that the hourly has pulled back to support (green shaded area). If price bounces from here, a cross of EMAs and potentially align short-term traders with the daily. If signals occur, movement of to 80 level, and maintenance of that level, increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques. Please note if holding overnight, rollover charges may apply [or if using a FXCM AU account these may be waived].