Alerts

Dow Jones and FTSE 100 Technical Forecast for the Week Forward

Fairness Evaluation and Information

Dow Jones | Bulls in Driving Seat, Nevertheless, Modest Pullback is on the HorizonFTSE 100 | Key Fib Curbs Additional UpsideDangers to Fairness MarketEquity Index Performance Chart

Supply: Thomson Reuters, DailyFX

Dow Jones | Bulls in Driving Seat, Nevertheless, Modest Pullback is on the Horizon

The Dow Jones had lastly pushed to recent document highs after lagging different main US fairness markets. That stated, whereas momentum indicators proceed to tilt in the direction of the upside, the bullish DMI indicator is starting to ease. Alongside this, the RSI has additionally pulled again barely, having neared overbought territory, whereas a bearish RSI divergence has additionally occurred, which in flip raises the chance of a possible pull again within the index, whereby we might look in the direction of a take a look at of 27400.

Dow Jones Worth Chart: Every day Time Body (Jul 18 – Nov 19)

Dow Jones Price Chart Daily

FTSE 100 | Key Fib Curbs Additional Upside

Modest positive aspects for the FTSE 100 all through the week, nevertheless, but once more, topside resistance within the type of the 23.6% Fibonacci retracement (7440) held agency and thus curbed additional upside within the index. Consequently, this locations help at 7310-20 in focus, which represents the weekly low and backside of the rising channel, as such, failure to carry might see the index push in the direction of 7261 (38.2% Fibonacci retracement).

FTSE 100 Worth Chart: Every day Time Body (Nov 2018 – Nov 2019)

FTSE 100 Price Chart Daily

Dangers to Fairness Markets

Divergence occurring as fairness market volatility stays dormant whereas bond market volatility awakens.

VIX versus Move Index

Buyers stay extraordinarily bullish

Dow Jones and FTSE 100 Technical Forecast for the Week Ahead

RESOURCES FOR FOREX & CFD TRADERS

Whether or not you’re a new or skilled dealer, we’ve a number of assets accessible that can assist you; indicator for monitoring dealer sentiment, quarterly buying and selling forecasts, analytical and academic webinars held every day, buying and selling guides that can assist you enhance buying and selling efficiency, and one particularly for many who are new to foreign exchange.

— Written by Justin McQueen, Market Analyst

To contact Justin, e-mail him at Justin.mcqueen@ig.com

Observe Justin on Twitter @JMcQueenFX


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