Technical Update - DAX, FTSE100, FTSE250, AEX25, BEL20 & CAC40 with Index CFD’s levels Technical Update - DAX, FTSE100, FTSE250, AEX25, BEL20 & CAC40 with Index CFD’s levels Technical Update - DAX, FTSE100, FTSE250, AEX25, BEL20 & CAC40 with Index CFD’s levels

Technical Update - DAX, FTSE100, FTSE250, AEX25, BEL20 & CAC40 with Index CFD’s levels

Equities 4 minutes to read
KCL
Kim Cramer Larsson

Technical Analyst, Saxo Bank Group

Summary:  European stock market Indices struggling for upside momentum despite some of them have performed new highs.
Uptrends in DAX/GER40 and AEX25/NETH25 intact but weakening.
BEL20/BELG, CAC40/FRA40 and FTSE100/UK100 on the verge to turn bearish.
FTSE250 has resumed bearish trend


DAX seems to struggle in following through with its higher close last week. RSI is showing divergence i.e., not really supporting the uptrend.
The uptrend is intact though and will stay intact until a close below 15,625. The 1.638 projection at 16,600 is the short-term target.
However, a close below 15,909 is likely to be the signal saying DAX is not going to move higher and that DAX could drop to test 15,625

Source all charts and data: Saxo Group
GER40 
FTSE100. 7,632 seems to be the Pivot point FTSE100 is hovering around, can’t really making up its mind.
However, RSI is showing negative sentiment indicating FTSE is quite likely to lose momentum and slide lower.
A close below 7,546 is likely to send the Index down towards support at around 7,405. 
UK100 cfd:

FTSE250 has resumed down trend. If RSI closes below 40 the selling is likely to accelerate towards support at around 18,396.

To reverse the downtrend a close above 19,300 is needed.

   

AEX25 Closed last week above key resistance at 770 but has been struggling to gain upside momentum and so far failed breaking above the February peak at 777.50.

Testing the 770 today, a close below could result in a slide back down to test the lower rising trendline and the 100 and 55 daily Moving Averages.
Lower peak last week on the RSI resulting in divergence is suggesting AEX maybe can’t move much higher.

It seems as if AEX needs to break the February peak, thereby canceling the RSI divergence to get that upside momentum.
Strong resistnace at around 802.

NETH25 cfd:

BEL20 broke above its falling trend line but couldn’t follow through, failing to close above resistance at 3,669.
Now back below the falling trendline and RSI close to break back below 40 is a sign of weakness. A weakness that is likely to send
BEL20 down to test support at around 3,523.

For BEL20 to reverse this bearish scenario a close above 3,669 is needed.

 

BELG20 cfd:

CAC40 closed Friday the GAP with a close above 7,379.
But the break is not convincing. RSI is still showing negative sentiment, it needs to close above 60 to revers that.

If CAC40 slides back below 100 Moving Average and closes below 7,246 the downtrend has resumed with a likely sell-off down to 7K.
First indication of the bearish trend to resume is likely to be and RSI close below its lower rising trendline

For CAC40 to gain upside momentum a close above the Friday’s peak at 7,404 is needed followed by an RSI close above 60. If that plays out All-time highs is likely to be tested

 

FRA40 cfd:

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.

Please read our disclaimers:
- Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
- Full disclaimer (https://www.home.saxo/en-gb/legal/disclaimer/saxo-disclaimer)

Saxo
40 Bank Street, 26th floor
E14 5DA
London
United Kingdom

Contact Saxo

Select region

United Kingdom
United Kingdom

Trade Responsibly
All trading carries risk. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more
Additional Key Information Documents are available in our trading platform.

Saxo is a registered Trading Name of Saxo Capital Markets UK Ltd (‘Saxo’). Saxo is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA. Company number 7413871. Registered in England & Wales.

This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States, Belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. If you are still unsure if investing is right for you, please seek independent advice. Saxo assumes no liability for any loss sustained from trading in accordance with a recommendation.

Apple, iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android is a trademark of Google Inc.

©   since 1992