Equity Forecast as Risk-On Takes Hold: S&P 500, Dow, DAX, FTSE and Nikkei

Equities Talking Points:

SP 500 and Dow Bullish Technical Outlook Forges On.

EUR/USD Back to Key Resistance as the Nikkei Breaks Out Ahead of BoJ.

– Are you looking for longer-term analysis of Equity prices? Check out our Quarterly Forecasts as part of the DailyFX Trading Guides.

Risk-On Shows in Global Equities in a Big Way as Q3 End Nears

It’s been a strong week across global equities as a number of international bourses have posted brisk topside moves. The previously bearish backdrops that had begun to show around European stocks are now in question as strong recoveries have been seen in both the DAX and the FTSE. Meanwhile, US stocks have continued their upward-ascent as both the Dow and the SP 500 have pushed to even higher all-time-highs. And the bullish breakout in the Nikkei has drawn into another week, and buyers have continued to push the bid to the point where we’re now nearing fresh 27-year highs in the index.

Below, we go through each of these indices along with the associated technical backdrop.

SP 500 Starts the Week at

Article source: https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2018/09/21/equity-price-forecast-for-spx-dow-dax-ftse-and-nikkei-charts-outlook-forecast-srepstans.html