FTSE 100, DAX and Dow head higher in early trade
FTSE, DAX, and Dow surge higher in early trade, with the wider uptrend kicking in once again.
FTSE 100 turning higher once again after Friday retracement
The FTSE 100 has been on the rise in early trade today, with the index continuing its uptrend as expected. The pullback on Friday saw price fall back into the 61.8% Fibonacci support level, with the uptrend subsequently kicking in today.
With that in mind, a bullish outlook continues to hold unless we see price fall back below the 6995 level. Near-term resistance of note comes in the form of the descending trendline and the 7171 mark.
DAX breaks higher from consolidation phase
The DAX has also kicked off the week with a bang, as an upward move in early trade brings us through the 15661 level to end the recent consolidation phase. That points towards a continuation of the recovery following the mid-June decline into a wider 76.4% Fibonacci support level of 15051.
With that in mind, the break seen this morning points towards further upside to come, with a move back below 15437 needed to detract from this bullish outlook.
Dow Jones breaks back towards the record highs
The Dow has gapped up towards the prior high of 35175 this morning, with the index looking to form a fresh high after a retracement into the 76.4% Fibonacci level.
A break back below the 34761 level negates the bullish view, with a positive outlook holding until then.
Seize your opportunity
Deal on the world’s stock indices today.
- Trade on rising or falling markets
- Get one-point spreads on the FTSE 100
- Unrivalled 24-hour pricing
See opportunity on an index?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on an index?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from one point on the FTSE 100
- Trade more 24-hour indices than any other provider
- Analyse and deal seamlessly on smart, fast charts
See opportunity on an index?
Don’t miss your chance. Log in to take your position.
Related articles
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.