Forecasts & Analysis

The direction of the March E-mini Dow Jones Industrial Average on Wednesday is likely to be determined by trader reaction to the pivot at 30823.

The S&P 500 is one of the main benchmarks used to measure the overall performance of the US stock market.

GBP/USD gained strong upside momentum and is trying to settle above the resistance level at 1.3745.

The global technology giant Microsoft’s shares hit a record high on Tuesday after the company reported better-than-expected earnings in the fiscal second quarter as the COVID-19 pandemic boosted demand for cloud computing and gaming consoles.

It’s a bearish start to the day. Failure to reverse the losses by late morning would bring support levels into play.

German consumer confidence figures and economic data from the U.S will influence along with corporate earnings.

It’s a bearish start to the day for the majors. Failure to move back through early morning highs would bring support levels into play.

With so much opportunity in ETFs and other stocks/sectors, it is important for traders to be able to identify the best setups, triggers and trends.

Our biggest fears at current price levels are investor complacency and overvaluation.

The downside bias appears to be ready to resume with the formation of a potentially bearish secondary lower top at 90.595.