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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Technical Update - DAX, CAC40, SMI, AEX and BEL20

Equities 4 minutes to read
KCL
Kim Cramer Larsson

Technical Analyst, Saxo Bank Group

DAX key support at 13,989 is still holding on. A daily close below is likely to fuel heavy sell-off. A close below the support is also likely to push RSI back below 40 threshold which will confirm the downtrend. Until this scenario unfolds DAX is in a neutral position where we could see minor bounce to around 14,500.

DAX 19 apr
Source: Saxo Group

CAC40 is range bound between 6,421 and 6,600. 6,421 is key support. A daily close below is likely to tricker a sell off.

CAC40 19 apr
Source: Saxo Group

AEX Amsterdam is technically in a short term down trend . Daily close below 700 will confirm and fuel further sell-offs.

AEX 19 apr
Source: Saxo Group

Uptrend in Swiss SMI is under pressure. If closing below short term rising trend line support at 12,069 is likely to be tested. If SMI moves above 12,500 uptrend will remain intact and prolonged

SMI 19 apr
Source: Saxo Group

BEL20 is range bound between 4,100 and 4,255. No clear indication of direction

BEL20 D 19 apr
Source: Saxo Group

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