Published: 19 February 2026,07:32
Chart The Market
Dow Jones, H4:
The Dow Jones remains positioned within a constructive medium-term structure on the 4-hour chart, but price action is beginning to compress beneath a key resistance band. After advancing steadily along the rising trendline that has defined the recovery from the 47,200 base, the index has rotated into the 0.382 Fibonacci retracement near 50,250 and is now consolidating just below it. This region is functioning as a near-term decision zone, where buyers are attempting to sustain upside pressure following multiple tests of overhead supply.Structurally, the sequence of higher lows remains intact, preserving the broader bullish framework. However, the tone has shifted from impulsive expansion to measured consolidation.
Momentum indicators reflect this cooling dynamic. RSI is holding around the mid-50s after retreating from higher levels, indicating that bullish momentum remains present but is no longer accelerating. The flattening slope suggests internal consolidation rather than immediate reversal. Meanwhile, MACD has begun to roll over from a recent upswing, with the histogram contracting and signal lines narrowing, reinforcing the view that upside momentum is fading and that price may continue to consolidate beneath resistance before the next directional move develops.
Resistance Levels: 25,190.00, 25,570.00
Support Levels: 24,730.00, 23,980.00
USDJPY, H4
The USDJPY price has transitioned from a sharp corrective decline into a constructive recovery phase. After finding support around the 152.65 level, the pair formed a clear consolidation base, repeatedly defending this horizontal floor before staging a breakout to the upside. The recent impulsive push has carried price back toward the 154.90 resistance level, signaling that buyers have regained short-term control following the prior sell-off. Structurally, the range between 152.60 and 154.90 defined a compression phase, and the breakout above the upper boundary suggests an attempt to shift momentum higher. However, the broader picture still shows that price remains below the 156.30 and 157.70 resistance levels, which previously acted as supply zones. This means the current move is best viewed as a recovery within a wider corrective framework unless higher resistance levels are reclaimed.
Momentum indicators confirm strengthening upside pressure. RSI has climbed toward the upper-60 region, reflecting firm bullish momentum and approaching overbought conditions. This indicates buyers are currently dominant, though short-term exhaustion risk increases as RSI stretches higher. Meanwhile, MACD has crossed decisively into positive territory with expanding green histogram bars, signaling accelerating bullish momentum and supporting the recent breakout.
Resistance Levels: 156.30, 157.70
Support Levels: 154.90, 152.65
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
