Welcome to this week’s Market Blast Technicals where we will look at USDJPY, NZDJPY, AUDUSD, the S&P 500, and the DAX.
Read MoreWelcome to this week’s Market Blast Fundamentals where we will look at US Oil (WTI), UK Oil (Brent Crude), GBPUSD, AUDUSD, the US Non-Farm Payrolls, and the DAX (DE30).
Read MoreWelcome to this week’s Market Blast Fundamentals where we will look at Coronavirus, EURUSD, GBPUSD, Gold (XAUUSD), the DAX (DE30), and UK Oil (Brent Crude).
Read MoreWelcome to this week’s Market Blast Fundamentals where we will look at Gold (XAUUSD), US Oil (WTI), USDCAD, USDMXN, the DAX (DE30), and the FTSE 100 (UK100).
Read MoreWelcome to this week’s Market Blast Technicals where we will look at the DAX (DE30), AUDJPY, GBPUSD and NZDJPY.
Read MoreWelcome to this week’s Market Blast Technicals where we will look at US Oil (WTI), USDCAD, the DAX, EURCAD, AUDUSD, USDJPY, and USDCHF.
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In the last week the German index has eased a little bit and in doing so has formed a lower peak and continued its medium term down trend which started in June. In the few weeks leading up the recent peak, the index had done reasonably well to rally higher and return to back above the 12000 level however it was on the back of a significant fall after running into a wall of resistance at the key 12600 level at the end of August. The index was rejected in no uncertain terms and it now struggling to remain above 12000. The 12600 level has established itself as a level of significance as the index has responded strongly to this level on several occasions in the last few months. It is likely to provide some resistance to the index should it rally higher again. The index is now relying on support from the 12000 level having supported the index on several occasions in the last 12 months.
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In the last week the German index has done reasonably well to rally higher and return to back above the 12000 level however it was on the back of a significant fall after running into a wall of resistance at the key 12600 level a few weeks ago. The index was rejected in no uncertain terms and it now struggling to remain above 12000. The 12600 level has established itself as a level of significance as the index has responded strongly to this level on several occasions in the last few months. It is likely to provide some resistance to the index should it rally higher again. The index is now relying on support from the 12000 level having supported the index on several occasions in the last 12 months.
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In the last week the German index has fallen strongly after running into a wall of resistance at the current key 12600 level. After falling sharply through this level several weeks ago, the index did well to rally strongly back however ran into the level and was rejected in no uncertain terms. Clearly now the 12600 level has established itself as a level of significance as the index has responded strongly to this level on several occasions in the last few months. It is likely to provide some resistance to the index should it rally higher again. Having bounced higher from around 12100 twice in the last couple of months, you could reasonably expect to do so again shortly.
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