Skip to content

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 CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. 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 CFDs with this provider. You should consider whether you understand how 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 in 1974 313,300+ clients worldwide 17,000+ markets

Levels to watch: FTSE, DAX and Dow

The FTSE appears to be in buoyant mood this morning, as it continues its ascent despite impending resistance. Meanwhile, consolidation for the DAX and Dow point towards near term breaks to direct bias. 

anonymous

Publication date : 2017-05-11T09:13:58+0100

German stock exchange
Source: Bloomberg

FTSE continues to trend upwards

The FTSE is pushing higher this morning, following a shallow 38.2% retracement overnight. This comes off the back of a break through trendline resistance and the January high of 7359. The next hurdle is going to be an absolutely crucial one, with a break through 7409 required to negate the downtrend we have seen over the past two months. Should that occur, it would point towards a wider recovery and continuation of the wider uptrend.

As such, while there is a clear uptrend in play, watch out for the ability to break 7409, as this will give us clues as to whether we will head to new highs in the near future or not. On the flipside, an hourly close below 7321 would point towards a bearish picture developing.

FTSE chart

FTSE chart

FTSE chart

DAX failing to gain momentum, following trendline break

The DAX is treading water this week, with the volatility seen around the French election starting to lead some to wonder whether the rally is overcooked somewhat.

With the price having broken through trendline support, there is a potential that we are going to see some downside from here. That being said, until the price action confirms this, we remain within a consolidation phase. As such, the short term bias will be dictated by whether we post an hourly close below 12,704 (bearish) or above 12,786 (bullish). In the long term, the bias is bullish irrespective of the impending break.

DAX chart

DAX chart

DAX chart

Dow consolidating at range bottom

The Dow Jones returned to the 20,888 level overnight, as the index looks set to respect its recent range once more. The key here is whether we can break below 20,846. As long as we remain above that level, another move higher looks likely. With that in mind, a move back towards the 21,050 region is preferred.

Conversely, an hourly close below 20,846 would point towards a potential move into Fibonacci support between 20,724 and 20,641.

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

This information has been prepared by IG, a trading name of IG Markets Limited and IG Markets South Africa 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. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.

Markets

Forex

Indices

Shares

Other Markets

CFD trading

International account

Premium services

Trading platforms

Trading apps

MetaTrader 4

ProRealTime

Compare features

Try our demo

IG analysis

News and analysis

Weekly reports

Contact us

Interested in opening an account?

Contact 010 500 8624 or

newaccounts.za@ig.com

Want to check on your application's progress? Email

newaccounts.za@ig.com

Clients: Help and support

IG | Sitemap | Terms and agreements| FAIS | Privacy | IG Community | About IG | Cookies

Follow us online:

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 CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

IG is a trading name of IG Markets Ltd and IG Markets South Africa Limited. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in order to utilise their foreign investment allowance should the South African resident wish to open an offshore account with IG Markets Limited.

IG provides execution only services and enters into principal to principal transactions with its clients on IG’s prices. Such trades are not on exchange. IG Markets South Africa Limited is an authorised financial services provider (FSP No 41393). Whilst IG Markets South Africa Limited is a regulated FSP, CFDs issued by IG are not regulated by the FAIS Act as they are undertaken on a principal-to-principal basis.

IG Markets South Africa Limited is an authorised over-the-counter derivative provider and is regulated by the Financial Sector Conduct Authority.

The information on this site is not directed at residents of the United States or Belgium or any particular country outside South Africa and is not 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.

Voted SA’s top CFD provider in Business Day Investors Monthly Annual Stockbroker Awards in 2012, best platform for Active Day Traders in 2013 and 2014, SA's best Online Broker in 2015 and 2017 and SA's best CFD provider in 2020 as well as SA's Top CFD Broker in 2021.

© 2003 - 2023

IG Group | Careers| Marketing partnership