???FTSE 100 struggles to push higher

?The index rallied yesterday but has seen momentum fizzle out in early trading on Tuesday.

?While it has been unable to mount a sustained rally, the price has held above 8100 since May, providing a firm area of support. A close below 8100 would likely see swift downside, heading to 8044 and then down to 7976.

FTSE 100 Daily Chart

?

?S&P 500 rebounds after run of losses

?Monday saw the index rally after three days of losses last week.

?The rebound from 5500 would now target the previous week’s highs, should we see further gains. From there it would be just a short move to new record highs. A close below 5500 signals more short-term weakness is likely.

S&P500 Daily Chart

?

?Nikkei 225 reverses course

?The rally on Monday seemed to point towards renewed upside, but that has been delayed for the time being.

?The index headed lower overnight, though for now it has avoided a close below the 50-day simple moving average (SMA). Bulls still need a close back above 40,000 to indicate a low may be in, while sellers will look to a close below the 50-day to suggest additional near-term downside.

Nikkei 225 Daily Chart

Source https://www.dailyfx.com/analysis/ftse-100-bounce-slows-while-s-p-500-pushes-higher-and-nikkei-225-drops-back-20240723.html



Technical Analysis DailyFX

Image
GBP/USD, AUD/USD Reveal a Common Flaw
Friday, 30 August 2024
Recent moves have pitted sentiment against the prevailing trend, which tends to be a common flaw in approach. Cable and AUD/USD express this very observation... Read more...
EUR/USD and GBP/USD - Latest Sentiment Analysis and Positioning
Thursday, 29 August 2024
Analyse current trader sentiment and discover who is going long and short, the percentage change over time, and whether market signals are bullish or bearish.... Read more...
Image
AUD/USD and USD/JPY after Aussie CPI, BoJ Comments
Wednesday, 28 August 2024
What does recent positioning changes in AUD/USD and USD/JPY suggest about future price action? This article also analyses Aussie CPI and recent BoJ statements... Read more...
???FTSE 100, DAX 40 and S&P 500 are taking a breather ahead of Nvidia earnings???
Tuesday, 27 August 2024
????FTSE 100, DAX 40 and S&P 500 are taking a breather ahead of Nvidia earnings?? on Wednesday and US PCE as well as European inflation reports out on Friday.?... Read more...
Image
USD/JPY and AUD/USD Latest Sentiment Analysis and Positioning
Tuesday, 27 August 2024
Analyse current trader sentiment and discover who is going long and short, the percentage change over time, and whether market signals are bullish or bearish.... Read more...

Friday, 23 August 2024
Analyse current trader sentiment and discover who is going long and short, the percentage change over time, and whether market signals are bullish or bearish....
Image
???FTSE 100, DAX 40 and S&P 500 Bid Ahead of Powell Speech???
Friday, 23 August 2024
???FTSE 100, DAX 40 and S&P 500 continue their advance ahead of Fed Chair Jerome Powell’s 3pm (BST) speech? at the Jackson Hole symposium.?... Read more...
Image
IG Retail Sentiment Snapshot: Oil, AUD/USD and DAX
Thursday, 22 August 2024
Concerns about over an imminent recession have receded, allowing riskier assets to recover, however, the oil market continues to price in concerns of lower global demand... Read more...
Image
Nikkei 225, Dow Jones and Nasdaq 100 Lose Upside Momentum
Thursday, 22 August 2024
Nikkei 225, Dow Jones and Nasdaq 100 lose upside momentum ahead of Jackson Hole symposium and Fed Chair Jerome Powell speech... Read more...
FTSE 100, DAX 40 and S&P 500 await US payroll revision and FOMC minutes
Wednesday, 21 August 2024
???FTSE 100, DAX 40 and S&P 500 await US payroll revision and FOMC minutes ahead of Jackson Hole symposium Fed Chair Powell speech.??... Read more...

Technical Analysis FXstreet

What I See in FX Market
Saturday, 06 July 2013
$EURUSD What Forex Target Traders See: We are currently sitting @ 1.2830 on the S6 form the pivot point and a double bottom. We are waiting to see if we get a bounce back to... Read more...
Central banks and the NFP mix it up
Friday, 05 July 2013
Polish Zloty (EUR/PLN) – MPC cuts rates to lowest level in history For weeks like the ending one, traders wait for a long time. We experienced a lot of action from central... Read more...
Where is the smart money buying/selling $$?
Thursday, 04 July 2013
Simplified Supply Demand Table  The table below includes updated supply/demand levels on the major currency pairs. The table is updated on a daily basis after the NY... Read more...
Where is the smart money buying/selling $$?
Wednesday, 03 July 2013
Simplified Supply Demand Table  The table below includes updated supply/demand levels on the major currency pairs. The table is updated on a daily basis after the NY... Read more...
Where is the smart money buying/selling $$?
Tuesday, 02 July 2013
Simplified Supply Demand Table  The table below includes updated supply/demand levels on the major currency pairs. The table is updated on a daily basis after the NY... Read more...
Where is the smart money buying/selling $$?
Monday, 01 July 2013
Simplified Supply Demand Table  The table below includes updated supply/demand levels on the major currency pairs. The table is updated on a daily basis after the NY... Read more...
What I See in FX Market (Sat, Jun 29 2013)
Saturday, 29 June 2013
$EURUSD What Forex Target Traders See: We are currently sitting @ 1.3016 just below the .618 Fibo in a 5 wave move down. We are waiting to see if we get a bounce on the day... Read more...
GBPUSD is facing channel support
Saturday, 29 June 2013
GBPUSD is facing the support of the lower line of the price channel on daily chart. A clear break below the channel support will indicate that the downtrend from 1.6339 has... Read more...
GBPUSD bounces off the lower Bollinger Band for now. A weak close could spell trouble for next week
Friday, 28 June 2013
A ForexTrading.TV Technical Analysis Video Alert for GBPUSD... Read more...
Where is the smart money buying/selling $$?
Thursday, 27 June 2013
Simplified Supply Demand Table  The table below includes updated supply/demand levels on the major currency pairs. The table is updated on a daily basis after the NY... Read more...

Improve Your Trading Skills

forexforbeginners

"Simply a Must Read for Every Serious Forex Beginner"

Available at Amazon

Now also for Kindle 

get forex book


The Markets