Learn To Trade Forex • Best Forex Trading Course • AsiaForexMentor

FTSE 100, DAX 40, S&P 500: Week’s Outlook Ahead of US PCE Data

Written by:

Ezekiel Chew

Last updated on:

June 27, 2024

FTSE 100 Maintains A Cautious Uptrend

Source: ProRealTime, IG via DailyFX

The FTSE 100 is currently trading in a range, holding above the 55-day simple moving average (SMA) at 8,213, yet staying below the recent peak of 8,314 seen on Tuesday.

A breakout above this level could target the early June high of 8,364. Conversely, a drop below last Friday’s low of 8,187 might trigger a downward movement towards the May low of 8,138.

DAX 40 Reclaims Key Technical Level

Source: ProRealTime, IG via DailyFX

The DAX 40 has ascended past the 50% Fibonacci retracement level of the April-to-May rally, situated at 18,170. The index is aiming for the 55-day SMA at 18,331, as well as trying to surpass Monday’s high at 18,357 and the early June low at 18,361.

Below this, minor support is identified near the 50% retracement, with additional support at Tuesday’s low of 18,071.

S&P 500 Targets Record Highs

Source: ProRealTime, IG via DailyFX

The S&P 500 has resumed its upward trajectory, challenging its recent peak at 5,491. Surpassing this could set the stage for a test of its all-time high at 5,517.

This optimistic outlook is contingent on the index staying above Monday’s low of 5,444. A breakdown below this support could revisit the mid-June low at 5,393.

About Ezekiel Chew​

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

The Real Secrets to Making Money in the Digital Wild West!

The stories are all over: how people become wealthy beyond their dreams in crypto almost overnight. On the one hand, it is a fact that the cryptocurrency market provides mind-blowing opportunities; on the other hand, it is not a magic money tree. What you really require to make money with

Read More

Coinbase CEO Says Bitcoin Could Be the World’s New Money!

Imagine a world where the US Dollar isn’t the most important currency anymore. It sounds like something from a science fiction movie, but the head of one of the biggest cryptocurrency companies in the world just said it could become reality sooner than you think! Brian Armstrong, the CEO of

Read More

3 HUGE Things You Need to Know After Meta’s Move!

Get ready for some major tremors in the world of Artificial Intelligence! Scale AI, a company that’s been quietly powering the AI revolution behind the scenes, just dropped two bombshell announcements that are shaking up the entire industry. Not only is tech giant Meta pouring a “significant” amount of money

Read More

Global Markets EXPLODE After Shock Middle East Attack!

Hold onto your wallets! The world just woke up to a financial earthquake, and your investments are caught in the tremors. Early trading saw a brutal sell-off on Wall Street, with Dow, S&P 500, and Nasdaq futures all plummeting, while a single, terrifying news headline sent oil prices rocketing sky-high!

Read More

Maximize Your Crypto Profit: Essential Strategies for Investors

Ever dreamed of turning a small crypto investment into something much bigger? Your starting investment, no matter how modest, can grow significantly with the right strategies and careful planning. In the exciting world of digital money, many people are making real gains. But simply buying a coin and hoping for

Read More

FTSE 100, DAX 40, S&P 500: Week’s Outlook Ahead of US PCE Data

Written by:

Updated:

June 27, 2024

FTSE 100 Maintains A Cautious Uptrend

Source: ProRealTime, IG via DailyFX
The FTSE 100 is currently trading in a range, holding above the 55-day simple moving average (SMA) at 8,213, yet staying below the recent peak of 8,314 seen on Tuesday. A breakout above this level could target the early June high of 8,364. Conversely, a drop below last Friday’s low of 8,187 might trigger a downward movement towards the May low of 8,138.

DAX 40 Reclaims Key Technical Level

Source: ProRealTime, IG via DailyFX
The DAX 40 has ascended past the 50% Fibonacci retracement level of the April-to-May rally, situated at 18,170. The index is aiming for the 55-day SMA at 18,331, as well as trying to surpass Monday’s high at 18,357 and the early June low at 18,361. Below this, minor support is identified near the 50% retracement, with additional support at Tuesday’s low of 18,071.

S&P 500 Targets Record Highs

Source: ProRealTime, IG via DailyFX
The S&P 500 has resumed its upward trajectory, challenging its recent peak at 5,491. Surpassing this could set the stage for a test of its all-time high at 5,517. This optimistic outlook is contingent on the index staying above Monday’s low of 5,444. A breakdown below this support could revisit the mid-June low at 5,393.
ezekiel chew asiaforexmentor

About Ezekiel Chew

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

RELATED ARTICLES











I consent to receiving emails and/or text message reminders for this event.

REGISTER FOR THE MASTERCLASS!

I consent to receiving emails and/or text message reminders for this event.

REGISTER FOR THE MASTERCLASS!


I consent to receiving emails and/or text message reminders for this event.

REGISTER FOR THE MASTERCLASS!