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FX.co ★ Technical analysis of EM's for February 04, 2014

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Forex Analysis

2014-02-04T01:52:06
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Technical analysis of EM's for February 04, 2014

DJIA

As mentioned in my previous reviews, the Dow Jones seems to be an expandable pattern. The new year started on a negative note for equities. It was its first negative start since 2008. Close below 15,500 makes more weakness in the coming trading days.

Technical analysis of EM's for February 04, 2014

DAX

German DAX seems to be in huge sideways pattern since 2000. DAX seems to have completed its top near 9,800. Now close below 8,800 will be an indication of a next leg downward towards 5,000.

Technical analysis of EM's for February 04, 2014
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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