Buy-the-dip on Dow Jones Industrial Average? – Forex trading short on DAX, EUR/USD and AUD/USD [Video]

Brad Alexander FX Large Limited

In our last video we looked at the fall of US Indices. Will the German DAX fall along with it?

From the technical side, we see price action rising to the upper trend line in this bear run.

Keep an eye on the stochastic oscillator as you may want to wait for an overbought signal or a downturn.

Meanwhile, we have German CPI data on Wednesday which may affect the interest of investors.

We have some US news this week as well so keep an eye on USD volatility and opportunities.

These economic news events may affect the Dow Jones Industrial Average which has fallen again but the stochastic oscillator is looking very oversold.

Is it time to “Buy the Dip”?

These events may also give us opportunities on USD pairs like EURUSD and AUDUSD, both in bear runs.

The stochastic oscillator on both is overbought and turning over to the downside.

Last week’s Canadian Retail Sales figures were quite poor causing volatility in most CAD pairs.

We like it when fundamentals drive price action into a technical opportunity like this.

Price is at the lower trend line and the stochastic oscillator is very oversold.

Author

Brad Alexander

FX Large Limited

Brad became fascinated with the Currency Markets from a young age and researched fundamental analysis.

EUR/USD stays in tight channel near 1.1800

EUR/USD moves sideways in a narrow band at around 1.1800 in the second half of the day on Friday as investors refrain from taking large positions. February inflation data from Germany and January Producer Price Index figures from the US could drive the pair's action heading into the weekend.

GBP/USD struggles below 1.3500 amid UK political drama, BoE easing bias

GBP/USD struggles to build on the overnight modest bounce from the weekly low and oscillates in a narrow band below 1.3500 on Friday. The Gorton and Denton by-election, held on February 26, has become a focal point of political drama in the UK, along with the BoE easing expectations, acting as a headwind for the GBP.

Gold flat lines below $5,200; traders look to US PPI for fresh impetus

Gold struggles to capitalize on its modest gains registered over the past two days and trades below the $5,200 mark through the first half of the European session on Friday. Geopolitical risks remain in play amid a large US naval and air power buildup in the Middle East.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.