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Daily Indices Signals for Trading Jan 23

- European stocks stable; investors weigh earnings against global economic cues.

- Stoxx 600 lifted by miners; optimism on China's demand boosts iron ore.

- Energy stocks up as geopolitical tensions affect oil prices.

- US futures flat; Wall Street records modest gains.

- Asian markets mostly positive; Chinese stocks rally on rescue package news.

- Earnings spotlight: Netflix, Tesla, Intel in the queue.

- Ericsson AB shares drop post-market warning.

- European stock outlook: Strategists suggest limited gains, advised buying on dips.


An image of a smartphone displaying the Vantage trading app interface, which shows an account balance and a watchlist with forex pairs like XAUUSD, EURUSD, GBPUSD, and AUDUSD along with their current exchange rates


In today's indices signals, we'll delve into the essentials of effective trading, from leveraging the power of pivot points to employing strategic stop losses, ensuring you navigate the ebbs and flows of the market with finesse and acumen.


Todays Indices Signals for - January 23, 2024


A trading chart displaying the asset with two main indicators. The top panel shows Bollinger Bands overlaid on candlestick price action with a 20-day Simple Moving Average (SMA). Below, two sub-panels present the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), respectively. The RSI is within the neutral range, neither overbought nor oversold. The MACD shows the signal line and the MACD line close together, indicating no strong momentum in either direction. The lower section of the image features a separate price action chart without indicators for comparison.

NASDAQ 100 Index (NAS100)


Pivot Point: 17,363.52


Trade Direction: BULLISH


Trade Probability: 59%


Yesterday's Trend:

The Nasdaq Futures indicated a stable performance, maintaining levels close to the pivot point, signaling an equilibrium between buyers and sellers but with a slight edge to the bulls.


Market Trend Analysis:

- Volatility: The Nasdaq shows moderate volatility, suggesting potential for steady bullish growth.

- RSI: Positioned just above the midpoint, hinting at burgeoning bullish momentum.

- MACD: The MACD line is near the signal line; a bullish crossover could suggest an upward trend.


🎯 Profit Targets:

- Buy:

- 1st Target (1st Resistance): 17,417.16

- 2nd Target (2nd Resistance): 17,503.95

- 3rd Target (3rd Resistance): 17,557.59


❌ Stop Loss Guidelines:

- Buy: Set the stop loss at the 1st Support level of 17,276.73.


Suggestion:

With a bullish outlook, initiating a buy position could be considered, aiming for the 1st Resistance level as the initial target. Setting a stop loss at the 1st Support level helps manage risk.


A trading chart displaying the asset with two main indicators. The top panel shows Bollinger Bands overlaid on candlestick price action with a 20-day Simple Moving Average (SMA). Below, two sub-panels present the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), respectively. The RSI is within the neutral range, neither overbought nor oversold. The MACD shows the signal line and the MACD line close together, indicating no strong momentum in either direction. The lower section of the image features a separate price action chart without indicators for comparison.

S&P 500 Index (SP500)


Index: S&P 500


Pivot Point: 4,854.30


Trade Direction: BULLISH


Trade Probability: 60%


Yesterday's Trend:

The S&P 500 displayed strength, closing near the pivot point after a day of balanced trading, indicating the potential for a bullish continuation.


Market Trend Analysis:

- Volatility: Remains moderate, suggesting a possible steady climb.

- RSI: Just above 50, potentially signaling a buildup of bullish momentum.

- MACD: Close to a bullish crossover, which could signal an upward move.


🎯 Profit Targets:

- Buy:

- 1st Target (1st Resistance): 4,864.54

- 2nd Target (2nd Resistance): 4,878.66

- 3rd Target (3rd Resistance): 4,888.90


❌ Stop Loss Guidelines:

- Buy: Set the stop loss at the 1st Support level of 4,840.18.


Suggestion:

With bullish indicators, a buy strategy could be considered, targeting the 1st Resistance level with a stop loss just below the 1st Support level to protect the position.


A trading chart displaying the asset with two main indicators. The top panel shows Bollinger Bands overlaid on candlestick price action with a 20-day Simple Moving Average (SMA). Below, two sub-panels present the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), respectively. The RSI is within the neutral range, neither overbought nor oversold. The MACD shows the signal line and the MACD line close together, indicating no strong momentum in either direction. The lower section of the image features a separate price action chart without indicators for comparison.

FTSE 100 Index ( UK100)


Pivot Point: 7,482.43


Trade Direction: BULLISH


Trade Probability: 57%


Yesterday's Trend:

The FTSE 100 ended the session close to the pivot point, suggesting a balance between buyers and sellers, with a slight edge for a bullish push.


Market Trend Analysis:

- Volatility: Moderate volatility, indicating a potential gradual rise.

- RSI: Near the 50 level, a further increase could signal a bullish trend.

- MACD: The MACD line is close to crossing above the signal line, which may suggest bullish momentum.


🎯 Profit Targets:

- Buy:

- 1st Target (1st Resistance): 7,508.89

- 2nd Target (2nd Resistance): 7,530.07

- 3rd Target (3rd Resistance): 7,556.53


❌ Stop Loss Guidelines:

- Buy: Set the stop loss at the 1st Support level of 7,461.25.


Suggestion:

Entering a buy position could be beneficial with the current bullish indications, aiming for the 1st Resistance level as an initial profit target. A stop loss should be placed at the 1st Support level to limit potential downside risk.


A trading chart displaying the asset with two main indicators. The top panel shows Bollinger Bands overlaid on candlestick price action with a 20-day Simple Moving Average (SMA). Below, two sub-panels present the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), respectively. The RSI is within the neutral range, neither overbought nor oversold. The MACD shows the signal line and the MACD line close together, indicating no strong momentum in either direction. The lower section of the image features a separate price action chart without indicators for comparison.

DAX Index (GER40)


Pivot Point: 16,665.52


Trade Direction: BULLISH


Trade Probability: 56%


Yesterday's Trend:

The DAX showed a tendency to close near the pivot point, signaling a potentially stronger bullish sentiment in the upcoming session.


Market Trend Analysis:

- Volatility: Currently moderate, suggesting a steady trend formation.

- RSI: Just above 50, indicating slight bullish momentum.

- MACD: Close to the signal line; a bullish crossover could indicate an upward trend.


🎯 Profit Targets:

- Buy:

- 1st Target (1st Resistance): 16,723.33

- 2nd Target (2nd Resistance): 16,763.29

- 3rd Target (3rd Resistance): 16,821.10


❌ Stop Loss Guidelines:

- Buy: Set the stop loss at the 1st Support level of 16,625.56.


Suggestion:

A buy position may be considered, targeting the 1st Resistance level as an initial profit target, with a stop loss placed at the 1st Support level to manage risk.


Promotional banners for Vantage, featuring their trading services. The first banner promotes Forex trading with a visual of currency symbols and upward arrows, symbolizing market growth. The second banner invites users to trade oil, referred to as 'Black Gold,' with a backdrop of oil barrels and a market trend line. The third banner highlights gold trading opportunities, depicted by gold bars and a chart, with the benefit of swap-free transactions."

 

Disclaimer: These Forex Trade Signals are based on the current charts and market conditions. Always conduct your own analysis and consider risk management strategies before entering any trade. Markets are dynamic, and conditions can change rapidly.


As with all investments, your capital is at risk. Investments can fall and rise and you may get back less than you invested.




The information provided does not constitute, in any way, a solicitation or inducement to buy or sell securities and similar products.


 Without Knowledge, Prepare for Failure!


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