Technical Update - DAX, EURO STOXX50 & AEX
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Summary: Major European Indices Range bound with negative sentiment
DAX seems to have found resistance at 14,603 and is now back below 55 SMA. The Index could be range bound between key support at 13,989 and 14,603. With RSI still showing negative sentiment not being able to close above 60 threshold, break out is likely to be to the down side.
Major key resistance is 14,953. A close above that level the over all negative picture is demolished.
EURO STOXX 50 is back below 55 SMA likely to resume down trend. Similar to DAX RSI is showing negative sentiment. A daily close below 3,792 will confirm down trend. A break above 3,955, resistance at 4,9025 will most likely be tested .
AEX Amsterdam range bound between 405 and 741. A break out of those levels needed for direction. Since RSI has not been able to close above 60 threshold it is still showing negative sentiment. Break out is therefor likely to be to the down side.
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.