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
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
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
Gold
Bullish
Oil - US Crude
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
Bitcoin
Mixed
More View more
Real Time News
  • The $NDX is approaching the upper crust of the channel, and should it do so soon it might mark the top of the current rally.Get your market update from @PaulRobinsonFX here: https://t.co/Rw4o8brhgx #nasdaq https://t.co/dMN2EnLyEq
  • Favorite quotes of the day: Bridgewater's Dalio 'cash is trash'; Bridgewater's Prince saying the boom-bust economic cycle is over; JPM's Dimon saying the only bubble is in sovereign debt
  • $GBPUSD trying to base some support of fibo prior resistance 3117 https://t.co/iiuOEdfZUN
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: 0.17% Oil - US Crude: 0.02% Gold: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/81A2igDsqg
  • $GBPUSD is again testing resistance on the daily chart at a trendline joining recent lower highs. If it can break out to the upside from a triangle pattern. Get your market update from @MartinSEssex here: https://t.co/ojGkdTFnD5 https://t.co/cKwcQFOv4L
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.48%, while traders in US 500 are at opposite extremes with 75.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/5Ouy6Syf8T
  • Boeing CEO says the company plans to start with a "clean sheet of paper" on a new midsize airplane... Yikes $BA
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: US 500: 0.22% Wall Street: 0.16% France 40: 0.02% Germany 30: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/d2OTCpHJCS
  • En español: Dow Jones - ¿Qué es y por qué es importante para los traders? #trading #DJIA #DJI #WallStreet https://t.co/Bp9tig8NWi https://t.co/ttpiN9Js8M
  • The $NZD is poised to mark the fourth consecutive weekly decline against the US Dollar with NZD/USD down more-than 2.4% off the late-December highs. Get your market update from @MBForex here:https://t.co/MUrqMYnGGV https://t.co/fmExUwAaSK
Dow Jones, DAX, FTSE Technical Forecast

Dow Jones, DAX, FTSE Technical Forecast

2019-12-14 08:00:00
Paul Robinson, Currency Strategist
Share:

Indices Highlights:

  • Dow Jones trending higher, top-side trend-lines to watch
  • DAX staring down new record highs soon
  • FTSE still a mess, rally brings resistance into play
Equities Forecast
Equities Forecast
Recommended by Paul Robinson
Download the Global Equities Forecast
Get My Guide

Dow Jones trending higher, top-side trend-lines to watch

The Dow Jones continues to trade higher after testing the trend-line passing over the peaks set in 2018 and the summer high. Continuing to give the trend the benefit of the doubt, the next level of resistance could arrive via an upper parallel of a channel dating back to the first half of the year. At this time the level clocks in somewhere around the 28800-level.

Should the market weaken, the first area of support arrives via the trend-line off the October low, then the aforementioned slope from 2018. Generally speaking, seasonality is favorable and will be a tailwind towards keeping the market at the very least from falling apart.

Dow Jones Daily Chart (looking higher, watch top-side trend-line)

Daily Dow Jones Price Chart

Dow Jones Chart by TradingView

DAX staring down new record highs soon

On Friday, the DAX gapped to the highest levels since January 2018, but failed to hold onto it and traded back towards the top of the recent trading range. This doesn’t dent the broader trend, though, and it may not be too much longer until the German benchmark is trading at or beyond the record high set at 13597. Should Friday’s small failure turn into something more, then a good spot to look for support would be the trend-line rising up from the August low.

DAX Daily Chart (new record not far away)

Daily DAX Price Chart

DAX Chart by TradingView

FTSE still a mess, rally brings resistance into play

The FTSE has been all over the map lately, lagging the broader global equity rally by a considerable margin. On Friday, following the vote, the market exploded higher, taking it up to the late November high and trend-line running down off the July high.

The way things have been going it will be hard to trust the move higher (or any that develop lower), things have been stopping and reversing. With resistance at hand, the next move might be a pullback, then perhaps higher if the FTSE can sustain above 7421.

FTSE Daily Chart (price, trend-line resistance)

Daily FTSE Price Chart

UK 100 Index Chart by TradingView

Forex & CFD Trader Resources

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 Paul Robinson, Market Analyst

You can follow Paul on Twitter at@PaulRobinsonFX

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

DISCLOSURES

News & Analysis at your fingertips.