dowcharting
Long

16 September 2016 Daily analyses

FX:GER30   The DAX Index
235 0 8
Make sure to use the written text together with the chart, they form a roadmap that will guide you through the day

Succes,
Dowcharting
Comment: http://www.reuters.com/article/us-deutsche-bank-mortgages-idUSKCN11L2VQ

carefull folks...this will most likely recover but our dear beloved politicians are clearly playing games here : "EU hits Apple with $14.5 billion Irish tax demand" and now " US hits Deutshe bank with 14 billion claim"..honestly,..so obviously political

personally I dont like it when polticians start to play games. In the end the market will always return to the technicals, but intraday they can make a mess....so if you are still trading, low leverage is advised
Comment: What will happen next week

The FED is going to do 2 things :

1 NOT raising rates, this is bullish, up we go

2 Give a clear hint for a rate hike in december, this is again bullish, up we go again

The market knows this all to well, so all that gossip around the fed is pure playing the market

This is a known tacktick the FED uses, they are "preparing" the market for a rate hike since months

First create rumors about a FED rate...towards september this time

Then drop a real hint in september

then hike rate in december

RESULT : Market is prepared and no damage is caused to the market in all scenario's.
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