The up Move in the Indices Seems to be Ongoing

The up Move in the Indices Seems to be Ongoing

The up Move in the Indices Seems to be Ongoing

JSE – The up move in the indices seems to be ongoing and this is also true for the JSE. We are in a nice upwards channel and the move in that direction can see the levels 46869 – 47410 – 48248 in the upcoming days in February.

 

DAX –  It appears like the Dax wants to retest the top with a double top. The market may break the double top and will probably test the 12000 level and then start a retracement. As per our technical analysis we may see the indices heading ever higher during February.

USDZAR  – The Zar is in a tightening triangle trading and it can break out both ways. If the USD strengthens and breaks the red line the next upper red line will be a target. If the price breaks the 13.2000 level then it will probably take a dip down towards the 13.0000 levels.

Don't miss this chance to make a profit!

Open an account here

 

Don’t forget to watch our daily videos on our home page at www.cmtrading.com and review the daily economic data releases from our webpage.

 

***Information contained in this news letter are gathered from third parties and should not be regarded in any way as trade advice or recommendations by CM Trading. CM Trading does not recommend or advise traders or investors in their decision making, but merely provides information from the market for its clients as additional information being made available as per the events occurring in the financial markets.

 

HIGH RISK WARNING:

Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

© Copyright 2015 – CM Trading – All rights reserved 

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp
Share on email
Email

Recent .

meta trader 4
MetaTrader 4 app: How you can start trading the markets on the go

MetaTrader 4 app: How you can start trading the markets on the go  The markets are always on the move and therefore, traders who aim to take advantage of …

Read More →
Dogecoin is going to the moon… literally!

Dogecoin is going to the moon… literally!  While the cryptocurrency markets have been put through the mill the past few weeks, Dogecoin managed to steal the spotlight …

Read More →
Stock of the Week: Apple in huge demand, beats estimates by billions.

Stock of the Week: Apple in huge demand, beats estimates by billions. Apple beat estimates for quarterly earnings by billions of dollars. We look at …

Read More →
Stock of the week: Facebook makes CEO Mark Zuckerberg $8 billion in just one week!  

Stock of the week: Facebook makes CEO Mark Zuckerberg $8 billion in just one week!   It has been a momentous week for Facebook CEO Mark Zuckerberg who …

Read More →
Big Tech earnings roll in – Huge profits for Google, Microsoft and more! 

Huge profits for Google, Microsoft and more! Major big tech companies have released their quarterly earnings. We look at how some of the world’s biggest businesses performed so far this year!     Google, …

Read More →
MetaTrader 4 vs MetaTrader 5 – which is the better platform?
Bitcoin bounces back: Is buying the dip worth the risk?

Bitcoin bounces back: Is buying the dip worth the risk?  Bitcoin has recovered some of its losses following its fall from a record high of $65,000. Considering the crypto king’s astonishing performance in 2021, should …

Read More →
˄