With the current explosion in value to the UK100 and the GER30 many market analysers are spreading the threat of deflation along all the index's. The current boom in value for these two index's are caused by the financial mess the global economy is in. The euro is on its knees and the pound is currently under pressure with brexit this has caused company's inside the UK100 or GER30 (or nicknamed the DAX) to soar to the highest values since the began. The majority of these company's don't trade there own currency a lot of it is to do with the dollar. This week Monday the 6th of march we have seen the UK100 and the GER30 open bearish. My forecast for the next week for the two pairs will be;
Dax (GER30) This week has been a bearish start and I think it will continue it will try and find support between S1 11925.25 if it touches this it may over extend and bounce back or if it closes under this we will be looking at a breakdown and will seek support at S2.
FTSE100; As a principal rule whenever the European index's are rocketing the FTSE100 isn't far behind as the thing propelling the others does that to, in return when they are bearish or over extended they crumble together as you can see a pattern. I can see the FTSE100 bouncing between the S2 7327.87 and S3 7299..07 as the week goes if the FTSE100 breaks s3 we could see a massive crumble in price.
Author: Ashton Hunt
Share this Post
Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. Moreover, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses. All information and videos contained on drinkforex.com are solely our products and any unauthorized redistribution without proper authorization will result in legal proceedings. Additionally, no information on this site should be considered as trading advice. All information is purely for educational purposes and we are not liable for trading decisions you make as a result of reading our content. You are solely liable for making your own trading decisions. DrinkForex is not affiliated with nor does it endorse any trading system, methodologies, newsletter or other similar service. We urge you to conduct your own due diligence.
No information on this page is directed at United States citizens.
For all inquiries please email us at email@example.com
2013 - 2017 Copyright - DrinkForex - All Rights Reserved