Multiplecharts1person_1024x768M

Technical Update - AEX25. BEL20 and CAC40 in strong uptrends. Will they last?

Equities 3 minutes to read
KCL
Kim Cramer Larsson

Technical Analyst, Saxo Bank

AEX25 closed Friday above resistance at 703.40 after trading above during the session touching 0.786 retracement around 710.
If AEX25 closes below 703 it could see a correction that could take the Index down to 690 possibly 680

RSI is showing positive sentiment indicating higher levels and there is no resistance on the AEX Index until around 736-741
If AEX closes below the 200 daily SMA bears could get renewed energy and a close below 670 will result in AEX turning bearish.

AEX25 is at the time of writing trading above the medium-term falling. The 100 and 55 weekly SMA’s are providing so0me resistance btu strong resistance is around 740.
Weekly RSI is still negative and needs to close above 60 to change that.

AEX25 d 14nov
Source all charts and data: Saxo Group
AEX25 w 14nov

BEL20 closed Thursday above resistance at 3,619 extending to the short-term uptrend. RSI indicates BEL20 could extend the uptrend possibly to the strong resistance area around 3,740-3,767.
If BEL20 closes below its short-term rising trend the uptrend is in jeopardy and a close below 3,569 is likely to result in downtrend to resume.

BEL20 has broken above its medium-term falling trend line. RSI is still showing negative sentiment and there is strong resistance around 3,740. Weekly 200 SMA will add to the strength of the resistance level.

BEL20 d 14nov
BEL20 w 14nov

CAC40 closed Friday just below key resistance at 6,609. Hovering around the resistance the key question is, will CAC40 close above or below. A close above will indicate CAC40 to expend its strong short term uptrend.
The leading French index has already broken the medium-term falling trend line (see weekly chart) and a close will confirm the medium-term uptrend with no resistance until around 6,830

If CAC40 fails to close above 6,609 the Index is likely to slide back. A close below short-term rising trendline followed by a close below 6,381 is likely to awaken the bears to push the CAC down to around 6,183 support.

 

CAC40 d 14nov
CAC40 w 14nov

Quarterly Outlook

01 /

  • Upending the global order at blinding speed

    Quarterly Outlook

    Upending the global order at blinding speed

    John J. Hardy

    Global Head of Macro Strategy

    We are witnessing a once-in-a-lifetime shredding of the global order. As the new order takes shape, ...
  • Equity outlook: The high cost of global fragmentation for US portfolios

    Quarterly Outlook

    Equity outlook: The high cost of global fragmentation for US portfolios

    Charu Chanana

    Chief Investment Strategist

  • Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever

    Quarterly Outlook

    Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever

    Jacob Falkencrone

    Global Head of Investment Strategy

  • Commodity Outlook: Commodities rally despite global uncertainty

    Quarterly Outlook

    Commodity Outlook: Commodities rally despite global uncertainty

    Ole Hansen

    Head of Commodity Strategy

  • Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?

    Quarterly Outlook

    Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?

    John J. Hardy

    Global Head of Macro Strategy

  • Equity Outlook: The ride just got rougher

    Quarterly Outlook

    Equity Outlook: The ride just got rougher

    Charu Chanana

    Chief Investment Strategist

  • China Outlook: The choice between retaliation or de-escalation

    Quarterly Outlook

    China Outlook: The choice between retaliation or de-escalation

    Charu Chanana

    Chief Investment Strategist

  • Commodity Outlook: A bumpy road ahead calls for diversification

    Quarterly Outlook

    Commodity Outlook: A bumpy road ahead calls for diversification

    Ole Hansen

    Head of Commodity Strategy

  • FX outlook: Tariffs drive USD strength, until...?

    Quarterly Outlook

    FX outlook: Tariffs drive USD strength, until...?

    John J. Hardy

    Global Head of Macro Strategy

  • Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges

    Quarterly Outlook

    Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges

    Althea Spinozzi

    Head of Fixed Income Strategy

Content disclaimer

None of the information provided on this website constitutes an offer, solicitation, or endorsement to buy or sell any financial instrument, nor is it financial, investment, or trading advice. Saxo Bank A/S and its entities within the Saxo Bank Group provide execution-only services, with all trades and investments based on self-directed decisions. Analysis, research, and educational content is for informational purposes only and should not be considered advice nor a recommendation.

Saxo’s content may reflect the personal views of the author, which are subject to change without notice. Mentions of specific financial products are for illustrative purposes only and may serve to clarify financial literacy topics. Content classified as investment research is marketing material and does not meet legal requirements for independent research.

Before making any investment decisions, you should assess your own financial situation, needs, and objectives, and consider seeking independent professional advice. Saxo does not guarantee the accuracy or completeness of any information provided and assumes no liability for any errors, omissions, losses, or damages resulting from the use of this information.

Please refer to our full disclaimer and notification on non-independent investment research for more details.

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15
2900 Hellerup
Denmark

Contact Saxo

Select region

International
International

All trading and investing comes with risk, including but not limited to the potential to lose your entire invested amount.

Information on our international website (as selected from the globe drop-down) can be accessed worldwide and relates to Saxo Bank A/S as the parent company of the Saxo Bank Group. Any mention of the Saxo Bank Group refers to the overall organisation, including subsidiaries and branches under Saxo Bank A/S. Client agreements are made with the relevant Saxo entity based on your country of residence and are governed by the applicable laws of that entity's jurisdiction.

Apple and the Apple logo are trademarks of Apple Inc., registered in the US and other countries. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.