Geopolitical factors, specifically the ongoing situation in Moscow means there is a bearish tendency in the markets currently. After a retest of a key level, I expect to see price continue to fall over the course of the day.
There has been a loss in momentum after a relatively bullish period for the US30. I expect to see price fall to the 34800 level over the next week. If I was trading with a larger account I would take this trade and be fairly confident of seeing a return of around 800 pips, however I can not feasibly enter the trade with the current risk level.
Price has broken below a key level and retested. I think we will continue to see price fall over the next few days.
The Dax is trading at a historically high price of around 16,000, after a prolonged uptrend in price. I think the price will struggle to continue rising beyond this price range, and will consequently be looking at short trades.
A key level has been broken and retested. Likely to see another fall in price.
Price has broken below the level of support and has now retested the level. There are clear signs of a reversal in price. I have entered a short trade which I expect to exit in the next 48 hours. I will also be looking at scalping a few short trades over the next 2 days.
Price has been driven upwards today based on fundamental factors. I would expect the market to correct itself at some point and there are clear signs that there has started to be a reversal.
A head and shoulders pattern is evident on the 1 hour time frame. We could potentially see price fall below the marked level of support. I am hesitant to take this trade at the time being however; I would wait to see if price is able to fall below the level, then I will wait for a retest and further confirmation of a downtrend before potentially entering into a...
There have been clear signs of a reversal in price since the market opened this month. A bullish candle indicates we have now entered an uptrend.
Clear signs of a reversal in the trend. Signs show that we are in an uptrend so I have entered a long trade on the 15 minute chart.
The price has been trended downwards all day, whilst we have been waiting for a sign of reversal. I believe we potentially have a reversal here. I believe we could see a double bottom form beforehand.
A double top has formed on the 4 hour time frame. Price then fell sharply with a bearish candle, then retested a key level. Indication of a downtrend, or at the very least a further fall in price short term.
Whilst I would predict that the overall trend of the DAX will be upwards over the next week, I believe there will be a retest of the highlighted level of support to form a double bottom beforehand.
Clear signs that the short term trend of the FTSE100 is starting to reverse. Long opportunity on the smaller time frame.
A zone is forming which is especially visible on the smaller time frames. The price may trade between the two levels, unless the market becomes more unpredictable when New York opens at 14:30
A zone is forming which is especially visible on the smaller time frames. The price may trade between the two levels, unless the market becomes more unpredictable when New York opens at 14:30