Forex Trading Short on DAX, EURUSD & AUDUSD? Buy-the-Dip on Dow Jones Industrial Average?
In today’s GCI Market Outlook, let’s take a look at Forex Trading on EURCAD, EURUSD, AUDUSD, the Dow Jones Industrial Average, and the DAX.
In our last video, we looked at the fall of US Indices. Will the German DAX fall along with it?
From the technical side, we see price action rising to the upper trend line in this bear run.
Keep an eye on the stochastic oscillator as you may want to wait for an overbought signal or a downturn.
Meanwhile, we have German CPI data on Wednesday which may affect the interest of investors.
We have some US news this week as well so keep an eye on USD volatility and opportunities.
These economic news events may affect the Dow Jones Industrial Average which has fallen again but the stochastic oscillator is looking very oversold.
Is it time to “Buy the Dip”?
These events may also give us opportunities on USD pairs like EURUSD and AUDUSD, both in bear runs.
The stochastic oscillator on both is overbought and turning over to the downside.
Last week’s Canadian Retail Sales figures were quite poor causing volatility in most CAD pairs.
We like it when fundamentals drive price action into a technical opportunity like this.
Price is at the lower trend line and the stochastic oscillator is very oversold.
That’s all for now.
CFDs and FX are leveraged products and your capital may be at risk.
Latest Analysis
- S&P500 in Ascending Triangle. Trading Long on WTI Crude Oil? CAD Interest Rate in Focus. Yesterday 03:52 AM
- Forex Trading Gold (XAUUSD) at Record Highs. WTI Crude Oil Rally on Middle East Tensions. October 18, 2024 06:51 AM
- Forex Trading on EUR Interest Rates. Trading Long on WTI Crude Oil? Silver (XAGUSD) in Symmetrical Pennant. October 15, 2024 04:17 AM
- Forex Trading on NZDUSD. US Fed Looking at Inflation this Week. USD Strongest Currency. October 10, 2024 09:55 AM
- Gold (XAUUSD) Consolidating. Trading Silver (XAGUSD) in an Ascending Triangle. Forex Trading on NZDUSD. October 07, 2024 06:07 AM
- JPY Weakness Coming to an End? Forex Trading WTI on Middle East Conflict. Gold (XAUUSD) in Symmetrical Pennant. October 03, 2024 05:23 AM
- Forex Trading Long on Silver (XAGUSD). Technicals may Signal a Weaker Yen. S&P500 Trying to Break Descending Triangle. September 30, 2024 04:57 AM
- Forex Trading Gold (XAUUSD) at Record Levels. SNB Interest Rate Falls: More to Come! September 26, 2024 10:09 AM
- Forex Trading BitCoin Coming Soon to GCI Trading! Trading Short USDJPY. SNB Interest Rate this Week. September 23, 2024 04:55 AM
- Forex Trading on US Interest Rates. The Fed Catches us off Guard. Trading a Reversal on Natural Gas? September 20, 2024 09:10 AM
Open an account in minutes
Trade on our award-winning platforms with ultra-fast and ultra-secure execution.
OPEN AN ACCOUNT