Would you like to win tickets for Mainz, Schalke or business tickets for Eintracht and other prizes? Info here:
DAX – that was a premium
If you get such a reaction from readers with a sensational headline and yet a serious text, you must have somehow done everything right. And when the DAX also makes such an increase, it’s even nicer. Not only did the start of the week go well, but the entire week performed excellently. A new record high was even achieved in the second half of the week. That was a great premium that the DAX made last week. Now the question naturally arises as to whether things can continue like this in the coming week. The indicators have now reached overbought territory. This could at least have a short-term slowing effect. Regardless, the strong increase in the DAX confirmed the overarching upward trend.
Dow Jones – is gaining, but is still among the recent tops
Just like the DAX, the Dow Jones can also look back on a particularly good week. The previous week’s close already indicated with a gap that the start of the week would be positive. Last week ended with a significant increase. Also similar to the DAX, the indicators have risen into overbought territory, which is not unusual for such a rise. The most recent top from the end of March has not yet been reached, but should represent a feasible goal in the short term. However, the decline in sales last week suggests that a breakout above the 40,000 point mark will initially be difficult.
Gold – breakout successful, new record high possible
Gold indicators are still in neutral territory and the MACD indicator has just generated a buy signal. The breakout from the supposed wedge is therefore likely to be more sustainable than it seems at first glance. The last two trading days have left a positive impression. Since the MACD indicator has just generated a buy signal, an attack on recent record levels in the coming week is only a matter of time.
Oil – indicator buy signals fizzle out
Oil North Sea Brent Futures (linked)
With the dynamic rebound to the old support zone, oil has negated the breakout that occurred at the beginning of April. The attempt to hold this zone was started a few days ago with a hammer formation. At the end of the week it became clear that this formation, which was actually very reliable, might not work this time. The buy signals in the indicators also did not have the effect that one could have expected. Black gold came under pressure again in trading on Friday. So at least a turbulent start to the week can be expected.
Bitcoin/USD – continues to tread water
Is it a “take a breath” before the next upward push, or is the Bitcoin euphoria now calming down a bit? At least the halving, which many market participants saw as the initial spark for a new high, has so far had no impact. Rather, the cryptocurrency has been treading water so far and is even struggling to maintain the support zone. In terms of indicators, no support is currently expected. These are trading in neutral territory, which is no surprise as the price is currently trending sideways. However, Bitcoin is always good for a surprise, which is why an upward push is possible at any time.
Quelle Charts: ProRealTime.com
Editor, responsible and author
Christoph Geyer, CFTe, Lindenstr. 31, 65232 Taunusstein Germany www.christophgeyer.de
This work or parts of it may neither be reproduced nor passed on without the permission of Christoph Geyer
Important instructions
This information is a marketing document within the meaning of the Securities Trading Act, which means that it does not meet all requirements for investment recommendations and investment strategy recommendations.
No offers; no advice
This information is for informational purposes only and does not constitute an individual investment recommendation nor an offer to buy or sell securities or other financial instruments. This preparation alone does not replace individual investor and investment-oriented advice.
Presentation of performance
Information on past performance does not allow a reliable forecast for the future. Performance may be affected by currency fluctuations if the base currency of the security/index is different from EURO.