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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.