Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
 Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

No results found

View more search results

1 2 3 4 5 6 7 8 9 10
Related search: Market Data
Market Data Type of market
See all Market data search results >
Established 1974 346,000+ clients worldwide 17,000+ markets

Levels to watch: FTSE, DAX and Dow

DAX strength could point towards a resurgence in play, yet with key resistance levels up ahead for FTSE 100 and Dow, a wide-ranging bullish reversal could take longer to play out.

IG Analyst

Publication date : 2017-08-23T09:15:25+0100

Market data
Source: Bloomberg

FTSE 100 turns into trendline support

The FTSE 100 has been moving lower overnight, following a rally into the 7400 mark yesterday. Crucially, we are seeing lower highs and flatlining lows on the wider view, thus forming a descending triangle. With that in mind, another move lower from here does seem a strong possibility.

However, there is a clear trendline support to contend with first, which is currently around the same level as the 50-period (4-hour) simple moving average (SMA). A break above 7400, or below the 7360 mark will give us a better idea of which direction this market wants to move.

FTSE 100 chart

FTSE 100 chart

FTSE 100 chart

DAX moving back into crucial resistance zone

The DAX is pushing higher following a short-term pullback from trendline resistance. This trendline is going to remain key for the day ahead, with the ability to break through it, and in particular the 12,300 mark, pointing towards a wider resurgence for the pair.

As such, watch these levels for a potential bullish breakout, or short-term reversal. 

DAX chart

DAX chart

DAX chart

Dow continues to move higher

The Dow Jones has been gaining ground amid a potential retracement of the sell-off seen last week. The question here is whether we are seeing a retracement or a bullish reversal.

 For now we have seen a move into the 61.8%, which could extend to the 76.4% level (21,971) should we see a break back through 21,914. Ultimately, while there is a clear downtrend in play over recent weeks, the fact that we have seen the Dow rallying from the 76.4% retracement points towards a possible resurgence from here.

Ultimately, a break up above the 76.4% retracement could be a sign that this period of weakness is over. Until then, the picture is fairly balanced and thus it makes sense to keep an eye out for potential bearish reversal signals from these levels. 

Dow Jones chart

Dow Jones chart

Dow Jones chart

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Find articles by writer

Markets

Forex

Indices

Shares

Options

Other markets

IG services

Spread betting

CFD trading

Share dealing

Trading platforms

Web platform

Mobile trading

MetaTrader 4

ProRealTime

Compare features

Learn to trade

The Week Ahead

News and trade ideas

Strategy and planning

Help and support

Contact us

IG | Sitemap | Terms and agreements | Privacy | IG Community | Cookies | Investors | Modern slavery act

Follow us online:

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. 

Professional clients trading spread bets and CFDs can lose more than they deposit.

Options and futures are complex instruments which come with a high risk of losing money rapidly due to leverage. They’re not suitable for most investors. Before you invest, you should consider whether you understand how options and futures work, the risks of trading these instruments and whether you can afford to lose more than your original investment.

Trading stocks and shares ‘on margin’ within a US options and futures account – meaning that you only finance part of the cost of acquiring a position in a security – carries additional risks over buying securities on a fully funded basis and may result in losses exceeding your original investment. Trading on margin will also result in additional costs to you as the investor and any securities purchased using margin may be held as collateral by the lender, restricting both your rights as shareholder, and your ability to use the securities until the margin trade is closed. You should familiarise yourself with these risks before trading on margin.

The value of shares, ETFs and other ETPs bought through a share dealing account, a US options and futures account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Some ETPs carry additional risks depending on how they’re structured, investors should ensure they familiarise themselves with the differences before investing.

Share dealing and IG Smart Portfolio accounts provided by IG Trading and Investments Ltd, CFD accounts and US options and futures accounts are provided by IG Markets Ltd, spread betting provided by IG Index Ltd.   

IG is a trading name of IG Trading and Investments Ltd (a company registered in England and Wales under number 11628764), IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. IG Markets Ltd (Register number 195355), IG Trading and Investments Ltd (Register Number 944492) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.   

The information on this site isn’t directed at residents of the United States, Belgium or any particular country outside the UK and isn’t intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

© 2003-2024

Careers | Marketing partnership