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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Bullish
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
Bearish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.82% 🇳🇿NZD: 0.63% 🇨🇦CAD: 0.43% 🇬🇧GBP: 0.12% 🇨🇭CHF: -0.01% 🇯🇵JPY: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ylXazhVsHJ
  • The Dow just broke 30,000 after surging more than 13% in the month-to-date Incredible to think it stood narrowly above 18,000 in March https://t.co/ok4Zxik3JD
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.65% US 500: 1.54% FTSE 100: 0.28% France 40: 0.11% Germany 30: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/gDciD5fqZ9
  • Heads Up:🇺🇸 Fed Williams Speech due at 17:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-24
  • Dow Jones eclipses 30,000 $DJI $YM_F $DIA
  • https://t.co/eJsm92E0fE
  • RT @marceelias: 🚨🚨🚨BREAKING: Pennsylvania has certified the 2020 election results. Governor has signed the Certificate of Ascertainment for…
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.70% 🇳🇿NZD: 0.67% 🇨🇦CAD: 0.32% 🇬🇧GBP: 0.25% 🇨🇭CHF: 0.12% 🇯🇵JPY: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/iQTTey8duS
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.28% US 500: 1.09% FTSE 100: 1.07% Germany 30: 0.92% France 40: 0.87% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/20U8Cf5YTG
  • Heads Up:🇺🇸 Fed Bullard Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-24
DAX 30 & FTSE Technical Forecast for the Week: Volatility is Back

DAX 30 & FTSE Technical Forecast for the Week: Volatility is Back

2020-03-07 10:00:00
Justin McQueen, Analyst
Share:

DAX 30 & FTSE 100 Analysis and News

  • DAX | Clinging onto Support
  • FTSE 100 | Key Support to Offer Temporary Bounce

Equity market volatility remains elevated, as such, with uncertainty continuing to plague global markets, the bottom appears yet to be reached. An implosion on global bond yields as central banks (Fed, BoC, RBA) ease monetary policy, provides a worrying signal for equity markets.

DAX 30 | Clinging onto Support

The DAX fails to escape the equity carnage as the closes the week with losses of 2.9%. After the Fed provided an emergency cut, all eyes will be on the ECB as they look to announce a series of measures to aid the Eurozone. On the technical front, the DAX remains weak with bounces proving short-lived. That said, 11,500 has held thus far for the DAX, although with risks remaining tilted to further declines, eyes will be on the July 2019 lows.

Germany 30 BULLISH
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 6% 17% 13%
Weekly 5% 13% 10%
What does it mean for price action?
Get My Guide

Support

Resistance

11500

-

12000

200WMA

11265

July 2019 low

12290

Weekly High

11036

76.4% Fib

12500

-

DAX 30 Price Chart: Daily Time Frame

DAX Price Chart

Chart by IG

FTSE 100 | Key Support to Offer Temporary Bounce

Little respite for the FTSE 100 after posting its largest sell-off since the financial crisis, the index extended on its losses, closing the week down 1.8%. As such, with rising volatility keeping the FTSE 100 on the backfoot, the index sets its sights on for a test of 6419 (61.8% Fib). However, while this may offer an opportunity for a short-term bounce, the absence of positive news would likely see a bounce remain shallow.

Support

Resistance

6419

61.8% Fib

6703

50% Fib

6400

-

6856

Weekly High

6200

-

6900

-

Equities Forecast
Equities Forecast
Recommended by Justin McQueen
Download our fresh Q1Equity Forecast
Get My Guide

FTSE 100 Price Chart: Weekly Time Frame

FTSE 100 Price chart

Chart by IG

How to Trade FTSE 100

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

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES