Technical Analysis for December 03, 2014

SPX rejecting the lower movement to a trading range and moves higher to 2070. The next target over this break will be 2100 and a lower movement under 2040 will send SPX back into the 2030-2050 trading range.

 

Dow Jones has recovered from small down movement and slowly grinding higher to break 17900 level. This will only target 18000 slowly but a lower break to 17600 will target 17450 next to bring back Dow Jones in lower sideways trading range. Long term uptrend very strong in here, bullish.

 

FDAX poked 10000 level but eventually retraced back under 10000. Currently market will retest 10000 level and find a price stability around that level. A break lower to 9700 level will disturb the bullishness in FDAX and bring back to lower sideways.

 

FTSE made a big change to bring a very strong bull reversal. Currently a lower movement under 6700 will bring back FTSE into the last trading range but a retest to 6760 level will target 6775 level. If it breaks this level a new higher movement will be expected.

 

 

Risk Disclaimer

Forex and CFDs are leverage products, involved a high level of risk and can result in the loss of all your invested capital. Forex and CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, you should ensure that you understand the risks involved and take into account your level of experience.

All information on this website, including any opinion, charts, prices, news, data, Buy/Sell signals, research and analysis is our point of view and is provided as general market commentary and does not constitute any investment advice.

OneStopBrokers.com will not accept any responsibility or liability for losses incurred by customers, visitors or traders as a result of using the data available on OneStopBrokers.com. Read more

---