Video Technical Analysis: Target Levels for the FTSE 100, DAX, EUR/USD and Gold
An in-depth video looking at the key target levels for the FTSE 100, DAX, EUR/USD, Gold, and a number of other major stock market indices, commodities and forex markets.
Analysis includes important support and resistance levels, MACD and stochastics, and potential market direction for:
- Stock Market Indices
- UK 100 (FTSE 100) – still in current uptrend, aiming for 6381
- Germany 30 (DAX) – still rising, next resistance at 8149
- SPX 500 – trading at 5 year highs
- Gold – trading lower but may see a shot term bounce
- Silver – seeing a slight retracement
- Brent Crude Oil – broken above resistance at $113
- WTI Crude Oil – struggling to break above $96
- Forex Markets
- EUR/USD â€“ just below major resistance at $1.3489
- GBP/USD â€“ breaking lower with downwards pressure below $1.5580
- USD/JPY â€“ moving higher but with large volatility, long-term aim of ¥95
- US Stocks
- Research in Motion – up 133% from recent low, but has lost position in market
- Apple â€“ down 37% from its high
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Video content by Michael Hewson of CMC Markets
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