Technicals

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FxWirePro- Major European Indices

Germany DAX - 19391 (-4.90% ) Major resistance- 23820/24000 Near-term resistance -20000/20687/22250/ 22560/ 22750/23000/23300/23500/23800 Minor support - 18800/18561/18188/18000. Trend reversal level- 17000 The pair hold…

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FxWirePro- Major European Indices
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Germany DAX -  19391 (-4.90% )

Major resistance-  23820/24000

 

Near-term resistance -20000/20687/22250/ 22560/ 22750/23000/23300/23500/23800

 

Minor support - 18800/18561/18188/18000.

 

Trend reversal level- 17000

 

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

 

Indicators  (4-hour chart)

 

ADX- Bearish (4-hour chart)

 

CCI (50)- Bearish

RSI - 12.36 (4-hour chart)
 

France CAC - 6844  (-5.19%)

 

Major resistance- 8254

 

Near-term resistance - 6920/7111/7340/7500/7700

Minor support- 6700/6635/6385.

Trend reversal level- 5600

 

Indicators

 

ADX-  bearish (4-hour chart)

 

CCI (50) - Bearish   (4- hour chart)

 

RSI - 13 (4-hour chart)

 

UK FTSE  - 7642 (-4.36% )

 

Major resistance- 8910/9000

 

Near-term resistance -8600/8700/8749/ 8800/8875

 

Minor support- 7600/7530/7462/7400

Trend reversal level- 7900

 

 

Indicators

ADX-  Bearish (4-hour chart)

 

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

 

RSI - 9 (4-hour chart)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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