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

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 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 is not intended to and does not change or expand on this. 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 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 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 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 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 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-hk/legal/disclaimer/saxo-disclaimer)

None of the information contained here constitutes an offer to purchase or sell a financial instrument, or to make any investments. Saxo does not take into account your personal investment objectives or financial situation and makes no representation and assumes no liability as to the accuracy or completeness of the information nor for any loss arising from any investment made in reliance of this presentation. Any opinions made are subject to change and may be personal to the author. These may not necessarily reflect the opinion of Saxo or its affiliates.

Saxo Capital Markets HK Limited
19th Floor
Shanghai Commercial Bank Tower
12 Queen’s Road Central
Hong Kong

Contact Saxo

Select region

Hong Kong S.A.R
Hong Kong S.A.R

Saxo Capital Markets HK Limited (“Saxo”) is a company authorised and regulated by the Securities and Futures Commission of Hong Kong. Saxo holds a Type 1 Regulated Activity (Dealing in Securities); Type 2 Regulated Activity (Dealing in Futures Contract); Type 3 Regulated Activity (Leveraged Foreign Exchange Trading); Type 4 Regulated Activity (Advising on Securities) and Type 9 Regulated Activity (Asset Management) licenses (CE No. AVD061). Registered address: 19th Floor, Shanghai Commercial Bank Tower, 12 Queen’s Road Central, Hong Kong.

Trading in financial instruments carries various risks, and is not suitable for all investors. Please seek expert advice, and always ensure that you fully understand these risks before trading. Trading in leveraged products may result in your losses exceeding your initial deposits. Saxo does not provide financial advice, any information available on this website is ‘general’ in nature and for informational purposes only. Saxo does not take into account an individual’s needs, objectives or financial situation. Please click here to view the relevant risk disclosure statements.

The Saxo trading platform has received numerous awards and recognition. For details of these awards and information on awards visit www.home.saxo/en-hk/about-us/awards.

The information or the products and services referred to on this site may be accessed worldwide, however is only intended for distribution to and use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. Products and services offered on this website are not directed at, or intended for distribution to or use by, any person or entity residing in the United States and Japan. Please click here to view our full disclaimer.

Apple, iPad and iPhone are trademarks of Apple Inc., registered in the US and other countries. AppStore is a service mark of Apple Inc. Android is a trademark of Google Inc.