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.

Free Trading Guides
EUR/USD
Bearish
Low
High
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
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bearish
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Real Time News
  • - #USDollar eyes #Powell second Congressional testimony - What were some of the key takeaways from his outlook? - Stock markets cautiously eye shaky US-China #trade talks https://www.dailyfx.com/forex/fundamental/article/special_report/2019/11/14/US-Dollar-Stocks-Eye-Powell-Testimony-as-Trade-Talks-Stumble.html https://t.co/gKJr3DpVOO
  • AUD/USD, USD/CAD, EUR/USD Price Trend Outlook in Positioning $AUDUSD $USDCAD $EURUSD - https://www.dailyfx.com/forex/fundamental/article/special_report/2019/11/14/AUDUSD-USDCAD-EURUSD-Price-Trend-Outlook-in-Positioning.html?CHID=9&QPID=917702 https://t.co/1i334MvltQ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.56%, while traders in France 40 are at opposite extremes with 85.94%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cCz4harA5v
  • My trade video for today: ' Dow and Emerging Market Divergence a Warning, Trade Wars Outshine Powell Testimony' https://www.dailyfx.com/forex/video/daily_news_report/2019/11/14/Dow-and-Emerging-Market-Divergence-a-Warning-Trade-Wars-Outshine-Powell-Testimony.html?CHID=9&QPID=917719 https://t.co/ktgLIKeW5s
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.10% 🇨🇭CHF: -0.01% 🇨🇦CAD: -0.09% 🇬🇧GBP: -0.13% 🇳🇿NZD: -0.34% 🇦🇺AUD: -0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/qc85e1c3xH
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.09% France 40: 0.03% Wall Street: 0.02% US 500: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/NUCz05xYNI
  • The $AUD appears to have resumed the dominant downtrend against its US counterpart after breaking support set from October lows. Get your $AUDUSD market update from @IlyaSpivak here:https://t.co/DW5oWIuMaX https://t.co/RYoyvGvkOd
  • Since late July, the economic news flow from Australia has been increasingly out-performing relative to economists’ expectations. -Citi #AUD
  • 🇯🇵 JPY Tertiary Industry Index (MoM) (SEP), Actual: 1.8% Expected: 1.1% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2019-11-14
  • Trade deal bets kept the Singapore Dollar, Philippine Peso, Indonesian Rupiah and Malaysian Ringgit afloat despite $USD strength. This is the key fundamental driver for #ASEAN FX.Get your market update from @ddubrovskyFX here: https://t.co/aB8qP3JsB4 https://t.co/lLPkHZkj4n
Technical Outlook: S&P 500, DAX

Technical Outlook: S&P 500, DAX

2019-03-03 10:00:00
Justin McQueen, Analyst
Share:

Equity Analysis and News

  • S&P 500 | Topside Resistance Holds for Now
  • DAX | Eyes on Further Upside Ahead of 12000
European index

S&P 500 | Topside Resistance Holds for Now

A relatively uninspiring week for the S&P 500, holding a tight range. Topside resistance at 2800 continues to hold for now as the S&P 500 fails to consolidate above, which in turn suggests that the move to the upside is somewhat exhausted. Near-term support for the index is situated at 2730-40.

S&P 500 Price Chart: Daily Time Frame (Jun 2018 – Mar 2019)

US500 cash

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

DAX | Eyes on Further Upside Ahead of 12000

Strong gains for the DAX across the week, rising over 1.2% having made a break through the 38.2% Fibonacci retracement and descending trendline. Focus now turn towards the 50% Fibo, in which a closing break could see the index move towards the psychological 12000 level.

Looking for a fundamental perspective on equity? Check out the Weekly Equity Fundamental Forecast.

DAX Price Chart: Daily Time Frame (Nov 2017 – Mar 2019)

Germany 30 cash

How to Trade Dax 30: Trading Strategies and Tips

RESOURCES FOR FOREX & CFD TRADERS

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

Other Weekly Technical Forecast:

Australian Dollar Forecast – GBPAUD Eyes Brexit Referendum Levels. AUDUSD, AUDJPY May Breakout

Oil Forecast– Trump's Tweet Sees Bulls Rush In

British Pound Forecast – GBP Slipping But Still Positive

US Dollar Forecast – Dollar Forces EURUSD Break of Least Resistance, Other Crosses Loaded

Euro Forecast – Reversal, Price Pattern Point to Selling

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

DISCLOSURES

News & Analysis at your fingertips.