• Home
  • Contact
  • Privacy Policy
  • Store
my forex coaching
  • For Beginners
  • Strategies
  • Crypto
  • Technical Analysis
  • Stock Trading
  • Product Reviews
  • News
  • Videos
No Result
View All Result
  • For Beginners
  • Strategies
  • Crypto
  • Technical Analysis
  • Stock Trading
  • Product Reviews
  • News
  • Videos
No Result
View All Result
my forex coaching
No Result
View All Result
Home Alerts

What Are Breadth Indicators Telling Us About the Trend?

Forex Tips by Forex Tips
April 24, 2023
in Alerts
0
What Are Breadth Indicators Telling Us About the Trend?
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Euro Stoxx 50, UK FTSE 100 – Price Outlook:

  • 92% of the members in the Euro Stoxx 50 index are above their respective 250-DMAs.
  • 91% of the members in the UK FTSE 100 index are above their respective 20-DMAs.
  • What does it mean for the direction of the two indices?

Recommended by Manish Jaradi

Get Your Free Top Trading Opportunities Forecast

Improving market breadth points to further gains in the Euro Stoxx 50 and the UK FTSE 100 index in the coming weeks/months.

As of Friday, 92% of the members in the Euro Stoxx 50 index were above their respective 250-day moving averages. Data from 2002 onwards suggests that when 91%-93% of the members were above their respective 250-DMAs, the index has been up 74% of the times over the subsequent 120 days. That is, in such instances, 74% of the times the index returns have been positive over a four-month period, based on historical performance (the distribution plot).

Distribution plot of Euro Stoxx 50 index returns

image1.png

Data Source: Bloomberg; Chart Created by Manish Jaradi in Python

As of Friday, 91% of the members in the UK FTSE 100 index were above their respective 20-day moving averages. Data from 2002 onwards suggests that when 90%-92% of the members were above their respective 20-DMAs, the index has been up 63% of the times over the subsequent 30 days. That is, in such instances, 63% of the times the index returns have been positive over a one-month period, based on historical performance (the distribution plot).

Distribution plot of UK FTSE 100 index returns

image2.png

Data Source: Bloomberg; Chart Created by Manish Jaradi in Python

Trade Smarter – Sign up for the DailyFX Newsletter

Receive timely and compelling market commentary from the DailyFX team

Subscribe to Newsletter

— Written by Manish Jaradi, Strategist for DailyFX.com

— Contact and follow Jaradi on Twitter: @JaradiManish





Source link

Share76Tweet47

Related Posts

00 GMT when France 40 traded near 7,344.90.

00 GMT when France 40 traded near 7,344.90.

by Forex Tips
September 21, 2023
0

Number of traders net-short has decreased by 25.49% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIFrance 40BEARISH50.49%49.51%72.58%...

Our data shows traders are now net-short EUR/GBP for the first time since May 04, 2023 when EUR/GBP traded near 0.88.

Our data shows traders are now net-short EUR/GBP for the first time since May 04, 2023 when EUR/GBP traded near 0.88.

by Forex Tips
September 21, 2023
0

Number of traders net-short has increased by 3.96% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIEUR/GBPBULLISH49.84%50.16%-6.01% Daily-19.33%...

Japanese Yen Remains at Risk After the Fed, Retail Traders Unwind USD/JPY Bullish Bets

Japanese Yen Remains at Risk After the Fed, Retail Traders Unwind USD/JPY Bullish Bets

by Forex Tips
September 21, 2023
0

Japanese Yen, USD/JPY, Technical Analysis, Retail Trader Positioning – IGCS Update Recommended by Daniel Dubrovsky Get Your Free JPY...

XAU/USD, XAG/USD at Risk to Higher Treasury Yields

XAU/USD, XAG/USD at Risk to Higher Treasury Yields

by Forex Tips
September 21, 2023
0

Gold, Silver, Trendlines, Symmetrical Triangle – Technical Update:Gold and silver prices pressured by the Fed rate decisionGold turning lower...

Crude Oil Prices Turn Lower, Bearish Engulfing Candlestick Pattern in Focus

Crude Oil Prices Turn Lower, Bearish Engulfing Candlestick Pattern in Focus

by Forex Tips
September 20, 2023
0

Crude Oil, WTI, Bearish Engulfing – Technical Update:Crude oil prices turned lower over the past 24 hoursBearish Engulfing candlestick...

Load More

Recent Posts

  • 00 GMT when France 40 traded near 7,344.90.
  • Our data shows traders are now net-short EUR/GBP for the first time since May 04, 2023 when EUR/GBP traded near 0.88.
  • Japanese Yen Remains at Risk After the Fed, Retail Traders Unwind USD/JPY Bullish Bets
  • Australian regulator sues Kraken provider over margin trading product
  • XAU/USD, XAG/USD at Risk to Higher Treasury Yields
Forex Pulse Detector

Categories

  • Alerts
  • Crypto Strategies
  • Currency
  • For Beginners
  • Forex News
  • Forex Trading Tips & Strategies
  • Technical Analysis
  • Videos

Newsletter

  • Home
  • Contact
  • Privacy Policy
  • Store

© 2018 Forex Blog

No Result
View All Result
  • Contact Us
  • Homepages

© 2018 Forex Blog.