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
More View more
Real Time News
  • (ASEAN Fundy) US Dollar Forecast: Turning Point Reached? USD/SGD, USD/THB, USD/IDR, USD/PHP #USD $USDGSD $USDTHB $USDIDR $USDPHP
  • 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:
  • RT @mkraju: Manchin signaling he’s open to $1.75T for social safety net bill, per source briefed on matter, but it’s unclear where the pric…
  • Further your forex knowledge and gain insights from our expert analysts @JohnKicklighter and @JStanleyFX on $USD with our free Q4 market analysis guide, available for free today. #DailyFXGuides
  • RT @JournalistRoss: From CNN's @mkraju: The goal among Democratic leaders is to have a vote Wednesday or Thursday on the infrastructure pac…
  • *Reminder: Weekly Strategy Webinar tomorrow at 8:30am ET on @DailyFX !!
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • Wow Liverpool...
  • With the $SPX, Bitcoin and Fed 2022 rate forecasts pushing record highs; the heavy economic docket for the coming week will make for some loaded trading potential. The events and markets I'm looking at ahead:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
DAX 30, FTSE 100 Technical Outlook For Next Week

DAX 30, FTSE 100 Technical Outlook For Next Week

Justin McQueen, Strategist

DAX, FTSE 100 Analysis and News

  • DAX | Support Keeps Uptrend Intact
  • FTSE 100 | Pivotal Resistance In Focus

DAX | Support Keeps Uptrend Intact

The DAX has maintained a foothold above the 200DMA (12090), which in turn keeps the uptrend intact. On the topside, near-term resistance resides at 12447 (76.4% Fibonacci retracement), whereby a break above opens to door to a run-up towards 12950-13000. While the 200DMA provides support for the DAX, failure to hold leaves the index vulnerable to a pullback towards 11600.

DAX 30 Price Chart: Daily Time Frame

DAX price chart

Source: IG Charts

FTSE 100 | Pivotal Resistance In Focus

The FTSE 100 remains in consolidation mode with the index anchored around the 50% Fibonacci retracement of the Q1 sell-off. However, while the index holds 6000, risks are tilted to the upside with a focus on the pivotal 6500 level. A break above could see the index extend further towards the 200DMA. On the downside, key support is situated at 5890, which marks the 38.2% Fibonacci retracement.

FTSE 100 Price Chart: Daily Time Frame

FTSE100 Price chart

Source: IG Charts

How to Trade FTSE 100


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.