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FxWirePro- Major European Indices

Germany DAX - 18838 (0.30% ) Major resistance- 19000 Near-term resistance - 18925 (May 2024 high) Minor support- 18692(34- H EMA), 18608 (55- 4H EMA),18422, 18310 (200 H EMA). Trend reversal level- 17000 The pair holds a…

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FxWirePro- Major European Indices
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Germany DAX -  18838 (0.30% )

 

Major resistance- 19000

 

Near-term resistance - 18925 (May 2024 high)

 

Minor support-  18692(34- H EMA), 18608 (55- 4H EMA),18422, 18310 (200 H EMA).

 

Trend reversal level- 17000

 

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

 

Indicators

 

ADX- Bullish  (4-hour chart)

 

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

 

RSI - 75.52 (4-hour chart)

 

 

France CAC -  7606 (+0.37% )

 

Major resistance- 8250

 

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

 

Minor support-  7531 (34- 4H EMA),7493 (55 4H EMA)

Trend reversal level- 7000

 

Indicators

 

ADX- Bullish  (4-hour chart)

 

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

 

RSI - 57.73 (4-hour chart)

 

UK FTSE 100 - 8360 .77(0.12% )

 

Major resistance- 8500

 

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

 

Minor support- 8324 and 8307 (34 and 55 -4H EMA), 8254 (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 - 57.67 (4-hour chart)

 

 

 

 

 

 

 

 

 

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