Technical Update - AEX25 / NETH25, BEL20, CAC40 / FRA40 and SMI 20 / SWISS20 Technical Update - AEX25 / NETH25, BEL20, CAC40 / FRA40 and SMI 20 / SWISS20 Technical Update - AEX25 / NETH25, BEL20, CAC40 / FRA40 and SMI 20 / SWISS20

Technical Update - AEX25 / NETH25, BEL20, CAC40 / FRA40 and SMI 20 / SWISS20

Equities 3 minutes to read
Kim Cramer Larsson

Technical Analyst, Saxo Bank

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 
Source all charts and data: Saxo Group

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

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

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
SWISS 20 cfd levels: Strong resistance at around 10,077 and 11,245.

Trend reversal below 10,718

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 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 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 (
- Full disclaimer (
- Full disclaimer (

Boulevard Plaza, Tower 1, 30th floor, office 3002
Downtown, P.O. Box 33641 Dubai, UAE

Contact Saxo

Select region


Trade responsibly
All trading carries risk. Read more. 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

Saxo Bank A/S is licensed by the Danish Financial Supervisory Authority and operates in the UAE under a representative office license issued by the Central bank of the UAE.

The content and material made available on this website and the linked sites are provided by Saxo Bank A/S. It is the sole responsibility of the recipient to ascertain the terms of and comply with any local laws or regulation to which they are subject.

The UAE Representative Office of Saxo Bank A/S markets the Saxo Bank A/S trading platform and the products offered by Saxo Bank A/S.