News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Wall Street
More View more
Real Time News
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • (Weekly Outlook) Australian Dollar Outlook: AUD/USD Divergence With Wall Street Risks Continuing #AUD $AUDUSD #Fed #Stocks
  • The US Dollar steadied against most ASEAN currencies this past week. Key support levels remain in play looking at USD/SGD, USD/THB and USD/PHP. USD/IDR may rise with a new trendline. Get your market update from @ddubrovskyFX here:
  • EUR/USD has been looking toppy since late May as bearish technical signals played out. But, rising Euro short bets from retail traders hint that the currency may hold its footing. Get your market update from @ddubrovskyFX here:
  • The Japanese Yen may rise as retail investors increase their long exposure in pairs like USD/JPY and EUR/JPY. Will these pairs turn lower? What are key levels to watch for? Find out from @ddubrovskyFX here:
Dow Jones, DAX 30, FTSE 100, S&P 500 Forecasts for the Week

Dow Jones, DAX 30, FTSE 100, S&P 500 Forecasts for the Week

Peter Hanks, Strategist

Dow Jones, DAX 30, FTSE 100, S&P 500 Forecasts:

Dow Jones,DAX 30, FTSE 100, S&P 500 Technical Outlook

The major stock indices saw a relatively uneventful week of price action as traders awaited crucial rate decisions from both the European Central Bank and the Federal Reserve. Despite the timid atmosphere, the Dow Jones, Nasdaq and S&P 500 were able to approach all-time highs. Not to be outdone, the DAX 30 is in the midst of a nearly parabolic climb and could soon target its own record levels. Meanwhile, the FTSE 100 languished about – comparatively - as Brexit uncertainty continues to keep the equity index in a chokehold.

Dow Jones Forecast

Outlook: Neutral

The Dow Jones Industrial Average tacked on further gains last week as it looks to probe record levels around 27,400. Before it can test all-time highs, however, the DJIA must surmount resistance posed by the trendline from January 2018. While it may not possess the technical influence to stall price in the event of a serious fundamental development, it could look to cap gains on an intraday basis.

Dow Jones Price Chart: 4 – Hour Time Frame (June – September) (Chart 1)

dow jones price chart forecast

Day Trading the Dow Jones: Strategies, Tips & Trading Signals

Conversely, the Dow will look to horizontal support around 27,000 before turning to the upper bound of the August range at roughly 26,400 in the event of a bearish continuation. The ascending trendline marked by December and June lows may come into play prior, but the degree to which it was disregarded in August calls the level’s technical merit into question.

DAX 30 Forecast

Outlook: Consolidation Needed

The DAX 30 has staged an incredible rally in late August and September, climbing over 9% since its August 15 low. With a willing fundamental backdrop, the rally may look to continue but could be due for a brief period of consolidation to allow bulls to catch their breath. That said, support around the 12,200 level could be an initial level to watch in the event of a modest pullback.

DAX 30 Price Chart: Daily Time Frame (April – September) (Chart 2)

dax 30 price chart forecast

How to Trade the Dax 30: Trading Strategies and Tips

On the other hand, if consolidation fails to materialize, resistance to a continuation higher will reside around the 12,460 level – coinciding with prior highs and Friday’s daily close. Secondary resistance may be offered by the ascending trendline from December and June around 12,550.

FTSE 100 Forecast

Outlook: Neutral

Although it has enjoyed gains of its own, the FTSE 100 largely lags the Dow Jones and DAX. Nevertheless, the Index climbed modestly last week until it was stalled by Fibonacci resistance on Friday around the 7,368 level. In the week ahead, the Fib level will pose initial resistance before the ascending trendline around 7,470 can be targeted. Support will be marked by the 200-day moving average slightly beneath 7,300 and by the Fibonacci level around 7,200.

FTSE 100 Price Chart: Daily Time Frame (June – September) (Chart 3)

ftse 100 price chart forecast

S&P 500 Forecast

Outlook: Neutral

Unlike the other indices, the S&P 500 has little resistance between Friday’s trading price and all-time highs around 3,028. Viewed by many as the benchmark for speculative appetite, its presence near record levels bodes well for the other indices that are attempting to establish gains of their own. As bulls look to claim fresh all-time highs, support could look to play a crucial role in keeping the Index afloat in the interim.

S&P 500 Price Chart: 4 – Hour Time Frame (June – September) (Chart 2)

S&P 500 price chart forecast.

How to Trade the S&P 500: Strategies, Tips and Trading Hours

As with many of the other technical landscapes, the ascending trendline from December and June lows will look to offer buoyancy slightly above the 3,000 level where psychological support resides. Subsequent support may be offered by the ascending trendline from August lows and the upper-bound of the recent range in the 2,945 zone. As traders await key fundamental developments scheduled in the week ahead, be sure to follow @PeterHanksFX on Twitter for updates and analysis.

--Written by Peter Hanks, Junior Analyst for

Read more:Nasdaq 100 Forecast: Are Investors Apprehensive About Big-Tech?

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.