Trading news

Dow Jones – market prognosis for calendar week 33/2015

Weekly chart:

Last week was very weak in the Dow Jones. At the beginning of this week, the price has had the chance to stabilize itself again. The Dow is still within a valid uptrend. In order not to jeopardize this uptrend, it must not go beyond the lower limit of the red correction zone.

Chart1

Daily chart:

In this trend size we can see a valid downtrend, with the last point two at 17283 points. In accordance with this, the current correction zone extends from 17461 points to 18147 points. Unfortunately, on the way up to the top, the two 20 LPs from the day and the week are positioned so that they are opposing the market. In the short term, opportunities are more likely to be found on the lower side.

Chart2

Hourly chart:

Here, too, a downtrend has been established, and is currently well into the correction. On both sides, the 20 LPs are standing in the way of the market. Insofar as a decision has not yet been taken here, I would favor the sideline.

Chart3

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Head of Sales/Trading

AgenaTrader/TradeEscort

AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Tuesday, 11 Aug, 2015 / 6:40

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

BoE clips pound’s wings, equities brace for turbulence

  Sterling capsizes after BoE opens door to negative [...]

Posted on Friday, 18 Sep, 2020 / 8:47 under

DAX remains in a range – DAX 30 Market Outlook – 18/09/2020

European equities continue to trade in a range between 13135 support and 13300 [...]

Posted on Friday, 18 Sep, 2020 / 8:35 under

OIL breached above the 200-daily SMA – US OIL Market Outlook – 18/09/2020

WTI Crude breached the 200 period SMA on the daily chart, hitting our long [...]

Posted on Friday, 18 Sep, 2020 / 8:20 under