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
Wall Street
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
  • Join @IlyaSpivak at 22:00 EST/2:00 GMT for his cross-market weekly outlook webinar. Register here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • *Reminder: Weekly Strategy Webinar Monday morning at 8:30am ET - Mid-Week Market Update on Wednesday at 9:30am ET -
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • (AUD Weekly Tech) Australian Dollar May Wilt, Downtrends Resume: AUD/USD, AUD/JPY, AUD/NZD, AUD/CAD
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • Further your forex knowledge and gain insights from our expert analysts on EUR with our free guide, available today:
  • Scoping out next week for trading the market, there are a range of high profile influences including September PMIs, Evergrande and a range of central bank decisions. Top listing on my docket is the #FOMC with my scenarios below. Full analysis:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
S&P 500, DAX 30 & FTSE Technical Forecast for Next Week

S&P 500, DAX 30 & FTSE Technical Forecast for Next Week

Paul Robinson, Strategist

Indices Technical Outlook:

  • S&P 500 trending higher in channel formation
  • DAX price action putting support to the test
  • FTSE could be in for a test of sizable resistance soon

The S&P 500 continues to trend higher within the confines of an upward channel, and as long as it stays above the lower parallel of the pattern then it remains positioned for higher prices. A good test of that threshold may develop this week.

A bullish outlook isn’t without its risks, though, as the market is quite extended when looking all the way back down at the March low just under 2200. There has also been quite a bit of speculative fervor (i.e. TSLA) lately that suggests we might be at a near-term zenith. But nevertheless the trend remains pointed higher until we see pervasive price suggesting a bearish bias is warranted.

Getting back to that channel formation, the first thing that needs to happen for the bias to turn negative is for it to break. From there we could see support around 3640 tested and then the a very important test of the March trend-line.

S&P 500 Daily Chart (Channel keeps it bullish for now)

S&P 500, DAX 30 & FTSE Technical Forecast for Next Week

S&P 500 Chart by Tradingview

The DAX is trading off its recent record highs. Friday’s decline is putting pressure on the prior breakout level at 13795 and the trend-line from the end of October. If the market is to hold up here it needs to turn around quickly. A break below the trend-line could bring into play support around 13460, and from there further weakness could have the March trend-line put to the test.

DAX Daily Chart (testing the trend)

S&P 500, DAX 30 & FTSE Technical Forecast for Next Week

DAX Chart by Tradingview

The FTSE 100 has been one of the stronger indices in the short-term, with it outpacing most other major indices so far this month. The trend higher may continue as long as either trend-line support or price support around 6530 holds. What lies ahead on strength is a potentially big roadblock. Several lows created during the middle portion of 2019 could make for a possible ceiling. The area to watch is from around 7000 up to over 7100. Should the FTSE reach that point we will have to reassess based on price action.

FTSE Daily Chart (trying to trend towards 7k+)

S&P 500, DAX 30 & FTSE Technical Forecast for Next Week

FTSE Chart by Tradingview

Resources for Forex 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 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.