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FxWirePro- Major European Indices

Germany DAX - 18564 (-0.30% ) Major resistance- 18900 Near-term resistance - 18700,18790 (Jul 12th high) and 18925 (May 2024 high) Minor support- 18397,18265 (34-4H EMA), 18197 (55-4H EMA ) Trend reversal level- 17000 Th…

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FxWirePro- Major European Indices
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Germany DAX -  18564 (-0.30% )

 

Major resistance- 18900

 

Near-term resistance - 18700,18790 (Jul 12th high) and 18925 (May 2024 high)

 

Minor support-  18397,18265 (34-4H EMA), 18197 (55-4H EMA )

 

Trend reversal level- 17000

 

The pair holds above short-term (34, 55 EMA) and long-term (200 EMA) in the 4-hour chart.

 

Indicators

 

ADX- Bullish  (4-hour chart)

 

CCI (50) and CCI (14)- Bullish (4- hour chart)

 

RSI - 78.11 (4-hour chart)

 

 

France CAC -  7594 (+0.24% )

 

Major resistance- 8250

 

Near-term resistance - 7600,7641 (50% Fib retracement) and 7750

 

Minor support-  7530 (200- 4H EMA),7470, and 7440 (34 and 55 4H EMA)

Trend reversal level- 7000

 

Indicators

 

ADX- Bullish  (4-hour chart)

 

CCI (50) and CCI (14)- Bullish (4- hour chart)

 

RSI - 67.33 (4-hour chart)

 

UK FTSE 100 - 8334 (0.64% )

 

Major resistance- 8800

 

Near-term resistance - 8415 (Jul 31st 2024),8484 (May 15th 2024 high)

 

Minor support-  8232 (200- 4H EMA),8090 (61.% Fib)

Trend reversal level- 7900

 

Indicators

 

ADX- Bullish  (4-hour chart)

 

CCI (50) and CCI (14)- Bullish (4- hour chart)

 

RSI - 67.33 (4-hour chart)

 

 

 

 

 

 

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