Trading news

Nasdaq 100 – prognosis via Dow Theory for calendar week 39/2015

Weekly chart:

The Nasdaq 100 has broken its uptrend, but has not, however, developed any real new downtrend yet. For this, there were too many buyers at the 20 location point line from the monthly chart. On the upper side, however, the price failed at the 20 LP from the daily chart. The situation is not clear in this trend size.

Chart1

Daily chart:

In the daily chart, there is a valid downtrend that is currently located within the correction zone. This runs between 4496 points and 4628 points. Apparently the index is gravitating towards running into the next downwards movement.

Chart2

Hourly chart:

The current small correction has lead to an emerging uptrend in the hourly chart. Admittedly, though, this trend is running against the primary trend, which is why I would favor the sidelines here for the time being.

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, 23 Sep, 2015 / 3:49

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

Source :

Trading news

 

Gold Prices Could Rise on Break to 1430

Gold Prices Could Rise on Break to 1430 For more analysis check out, please [...]

Posted on Tuesday, 16 Jul, 2019 / 10:49 under

ATFX Market Update - 2019.07.16

Personal opinions today: New Zealand CPl growth in the second quarter was in [...]

Posted on Tuesday, 16 Jul, 2019 / 10:05 under

USD Posts Modest Gains

The US dollar attempted to reverse the losses from last week on Monday, [...]

Posted on Tuesday, 16 Jul, 2019 / 8:28 under