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FTSE 100 and DJIA see chance of a Santa rally; EUR/USD and GBP/USD weekly charts favour shorts

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Ian Foster from BeAWinningTrader, joined today’s Tip TV Finance Show, to discuss the technical outlook for DJIA, FTSE 100, EUR/USD and GBP/USD. Dow Jones: Bullish on weekly chart Foster takes a look at the DJIA equity index on different timeframes, and notes that on the weekly charts we have failed to see an upside follow-through after the recent positive bar, which suggests further upside potential ahead of the index. FTSE: going higher Foster says that the weekly chart of the FTSE 100 index

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