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CFDs and forex (FX) are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX, or any of our other products work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits on some products.
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Technical Update - AEX25 / NETH25, BEL20, CAC40 / FRA40 and SMI 20 / SWISS20

Equities 3 minutes to read
KCL
Kim Cramer Larsson

Technical Analyst, Saxo Bank Group

AEX 25 / NETH25 cfd with a higher close in the Index yesterday the RSI divergence was cancelled.

Resistance at around 781 however, could be a hard resistance to crack in first take but a close above could push AEX to test the July peak at around 795.

A close below 759 will reverse the uptrend 
aex25 d 0612
Source all charts and data: Saxo Group
neth25 d 0612

BEL20/SWISS20 cfd if closing above resistance at around 3,632 there is upside potential to strong resistance at around 3,728

Uptrend demolished if closing below 3,575
bel20 d 0612
belg20 d 0612

CAC40/FRA40 cfd is at the time of writing breaking above the resistance at around 7,405. If closing above there is potential to 7,526

A close below could be the start of a correction down to around 7,300

RSI is still in positive sentiment with no divergence supporting higher Index levels

cac40 d 0612
fra40 d 0612

SMI20 Trading in a rising channel is at the time of writing trading above minor resistance at 10,963 crawling higher towards strong resistance at 11,068.
The declining 200 DMA is adding to the resistance strength

A close above 11,068 next resistance is at around 11,245

To reverse the uptrend a close below 10,720
fra40 d 0612
SWISS 20 cfd levels: Strong resistance at around 10,077 and 11,245.

Trend reversal below 10,718
swiss20 d 0612

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