Technicals

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FxWirePro- Major European Indices

Germany DAX - 21716 (0.23% ) Major resistance- 23500 Near-term resistance -21795/22000 Minor support- 21500/21250/20740/20580/20370/20200/19960/19680/19760/19587/19430/19285 Trend reversal level- 17000 The pair holds abo…

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FxWirePro- Major European Indices
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Germany DAX -  21716 (0.23% )

Major resistance-  23500

 

Near-term resistance -21795/22000

 

Minor support- 21500/21250/20740/20580/20370/20200/19960/19680/19760/19587/19430/19285

 

Trend reversal level- 17000

 

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

 

Indicators  (4-hour chart)

 

ADX- neutral (4-hour chart)

 

CCI (50)- Bullish

RSI - 74 (4-hour chart)

 

 

France CAC -  7917 (0.55%)

 

Major resistance- 8254

 

Near-term resistance -8000

 

Minor support- 7760/7610/7500/7455/7350/7300/7265/7230/7200/ 7140/7000.

Trend reversal level- 7000

 

Indicators

 

ADX- Neutral (4-hour chart)

 

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

 

RSI - 61.06 (4-hour chart)

 

UK FTSE  - 8599 (0.69% )

 

Major resistance- 8825

 

Near-term resistance - 8600/8630/8800

 

Minor support- 8425/8300/8245/8160/8100/7990/7900

Trend reversal level- 7900

 

Indicators

ADX- Neutral (4-hour chart)

CCI (50) - Bulish (4- hour chart)

RSI - 61.10 (4-hour chart)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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