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
More View more
Real Time News
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Sterling continues to contract into trend extremes and the focus is on a pending breakout in the weeks ahead. Get your weekly $GBP technical forecast from @MBForex here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Further your forex knowledge and gain insights from our expert analysts on EUR with our free guide, available today:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
  • The update to the US Consumer Price Index (CPI) is likely to sway the US Dollar during the Federal Reserve’s blackout period as the central bank braces for a transitory rise in inflation. Get your weekly $USD forecast from @DavidJSong here:
Dow Jones Technical Forecast for the Week Ahead

Dow Jones Technical Forecast for the Week Ahead

Peter Hanks, Strategist

Dow Jones Price Outlook:

  • The Dow Jones remains the weakest of the three major US indices
  • In turn, it trades beneath technical levels that the S&P 500 and Nasdaq have already reclaimed
  • Regardless, a successful hold above nearby trendline support would be an encouraging sign

Dow Jones Technical Forecast for the Week Ahead

The Dow Jones consolidated this week after establishing a notable recovery in the last two weeks. Still, the blue-chip index lags the S&P 500 and Nasdaq 100 as Boeing continues to weigh on the Industrial Average. While the fundamental side of the market remains difficult to pin down, recent price action may suggest investors are willing to accept the index’s current valuation as it consolidates above a nearby trendline from 2009.

Dow Jones Price Chart: Daily Time Frame (March 2018 – April 2020)

dow jones daily price chart

In the week ahead, holding above the trendline around 20,700 will be an important barometer of price action to come. Successive daily closes above the line would suggest bulls are unwilling to surrender the level, while a break beneath may leave the DJI susceptible to another run at the March 19 low near 18,000.

Either way, consolidation is an encouraging sign in my opinion as it suggests traders are waiting for more information and indicates the market has moved away from the panicked state we saw in early March. Still, consecutive daily moves of 2-3% are commonplace - a prospect that would have been preposterous in January.

Dow Jones Price Chart: Weekly Time Frame (2009 – 2020)

dow jones weekly price chart

It is rather unsurprising then to see US equities broadly lower on Friday as traders and investors remain apprehensive about holding risk exposure over the weekend. Recent weeks have seen surprise rate cuts and other reactive policy moves undermine investor confidence in an instant. If, however, the Dow can dodge a catastrophic open on Monday, bulls may look to probe resistance overhead around the December 2018 low and secondarily at 22,600 where price recently stalled.

--Written by Peter Hanks, Junior Analyst for

Contact and follow Peter on Twitter @PeterHanksFX

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