Main trade ideas on Financial markets for 31.08.2018


DOW JONES index gained 60 points, adding 0.2%, to yesterday close level. It was consolidating near all time highs when opened. The day before yesterday there was published a positive data about the gross domestic product for the second quarter and it helped to start the trading session in the green zone. Additional this, Agreement between NAFTA countries added some uncertainty to the market.

The technology companies as a Microsoft, Apple determined the index higher growing for 1,6% and 1,5% respectively.

Technically, DJ has broken Bollinger’s upper line what could be dangerous for bulls cause it may presage correction. Also, the RSI indicator which borders with the overbought zone confirms this. We think that the bears have the better hand currently from the technical point of view.

FTSE100 (UK100)

While the European equities felt good, GB Index FTSE 100 had been losing 1,5% since yesterday morning, and the last close price was 7,490. Many experts think that this falling was caused by rising Cable.

The cable keeps growing because of positive Brexit headlines. On the 4h chart, the index has broken the MA 200. Most of the technical indicators have been falling down since the day before yesterday. We think that 200 MA can stop the falling on the daily chart because it looks like the continuation of the lateral dynamic and the wave of actual correction.

So, Our targets for:
DOWJONES (USA30) – is selling to 25500 in a middle term
FTSE100 (UK100) – is selling to 7450