View more search results. FTSE begins to turn higher, following a move into Fibonacci support. Meanwhile, the DAX and Dow still have some questions that need answering, for the bullish outlook to return. The FTSE has managed to push through the notable swing high this morning, following on from a This comes off the back of a broader retracement into the This wider picture points towards a near-term recovery, with the overnight rally seemingly providing the first step in a bullish story.
Ultimately, from a wider perspective, we would need a break below 0. The DAX has managed to push into trendline resistance this morning, following on from a sharp sell-off in the back end of last week. The ability to break through 13, will be key to determining whether we are set to follow up these gains with another move higher.
Until then, there is a chance that we could retrace once again, given the trendline of lower highs in place. The overnight low of the 24, level is going to be key here, with a break below that providing a more bearish shift for the short term.
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All trading involves risk. Losses can exceed deposits. Over , clients worldwide. FTSE rallying from DAX rallies into trendline resistance The DAX has managed to push into trendline resistance this morning, following on from a sharp sell-off in the back end of last week. Related articles in Indices news. Trader thoughts - the long and short of it The two overarching macro themes the market honed in on overnight have been the response from European and US traders to the Senate passing its tax plan, and that no deal has yet been formally reached in the Brexit negotiations.
Chris Weston , T A weaker pound is giving the FTSE some room to rally, for a change. Chris Beauchamp , T Trader thoughts - the long and short of it It was certainly a livelier day of trade in the US on Friday. Trader thoughts - the long and short of it We are still seeing a positive trend in speculative appetite across the various global market benchmarks, but the addition of volatility is causing a certain degree of nausea among traders.
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