Trading news

Trading chances via Dow Theory calendar week 13/2016

FDAX

In the German main index, we can observe an intact uptrend with a correction zone between 10133 and 9791 points. The last movement started at approx. 9850 points, but this was interrupted around the last point two at 10150 points. It seems as though there was a lack of buyers there. But the next attempt is able to start at any time, as long as the green correction zone remains.

Chart1

Dow Jones:

In the short term, the leading US index is in a valid uptrend and is still in the movement here. The current correction zone runs between 17526 points and 17333 points on the lower side. The trend has been able to continue each time, but the currently small correction is hanging in the air, and situations such as these are normally not healthy. In this case, be cautious with long trades.

Chart2

EUR.GBP:

The two relevant trend sizes are pointing upwards. The bigger one is still coming out of its correction zone; the smaller one is in a movement. Therefore, it looks like the trends will be continuing.

Chart3

Gold:

In this value we can see a similar situation as in the Forex pair mentioned above, but with one difference. The bigger trend is coming out of its correction zone, but is already very mature. So it is not so likely for it to continue much further – perhaps up to the last point two at $1279.8. The smaller trend has more possibility for continuing, and this is the one that should be taken for a short-term trade.

Chart4

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

All the best

Markus Gabel

Trader asset management

BORN STAHLBERG & Partner

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.

Thursday, 31 Mar, 2016 / 8:02

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

Source : http://www.tradeescort.com/en/

Trading news

 

Euro under pressure ahead of key ECB Monetary Policy decision – EUR/USD Market Outlook – 29/10/2020

With COVID-19 cases rising and several European countries applying new [...]

Posted on Thursday, 29 Oct, 2020 / 9:10 under

DOW suffered worst day since June as COVID-19 concerns escalate – DOW JONES Market Outlook – 29/10/2020

The Dow’s losing streak continued, plummeting more than 700 points as we [...]

Posted on Thursday, 29 Oct, 2020 / 9:09 under

Market Update: October 28

  BTCUSD DAILY Bitcoin made a volume reversal today.  The high [...]

Posted on Wednesday, 28 Oct, 2020 / 10:41 under