Trading news

Nasdaq 100 – prognosis via Dow Theory for calendar week 37/2015

Weekly chart:

The Nasdaq 100 is in a valid downtrend and there, is it currently in the correction. So far, the 20 LP from the monthly chart – after falling substantially short – was able to attract enough buyers into the market once again. Whereas last week, we still had to reckon with a continuation of the downtrend, this week it looks significantly friendlier once more.

Chart1

Daily chart:

A downtrend is also present in the daily chart. Here, the last correction zone lies between 4431 and 4573 points. Meanwhile, the index is getting ready to run directly into this correction zone. If this is the case, then this would install a corrective uptrend. Here, patience is a virtue.

Chart2

Hourly chart:

Due to the currently rising prices, a new uptrend has established itself here, whose last high is located at 4369 points. From the penultimate point two – the start of the correction zone – the index was able to take off in an upwards direction in the last hours. The rebound followed immediately at the 20 LP from the daily chart. If enough buyers appear here, then this should trigger a new upwards movement.

Chart3

Please follow me on Facebook and/or Twitter (daytrader70).

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.

Wednesday, 09 Sep, 2015 / 6:02

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

Source :

Trading news

 

Oil completes current week unchanged

Oil completes this week almost unchanged, local support is at $58 per barrel. [...]

Posted on Friday, 16 Aug, 2019 / 4:11 under

US Retail Sales Bring Some Optimism

The monthly retail sales report from the United States showed [...]

Posted on Friday, 16 Aug, 2019 / 11:20 under

UK and US Retail Sales Rise, But The Markets Are Still Cautious

Yesterday, the European indices took a hit, whereas the US ones were mixed. [...]

Posted on Friday, 16 Aug, 2019 / 8:07 under