Technicals

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FxWirePro-Major European Indices

Germany DAX - 21087 (-1.24% ) Major resistance- 23820/24000 Near-term resistance -21420/21590/21700/22055. Minor support - 21000/20850/20545/20180. Trend reversal level- 17000 The pair hold below short-term (34 EMA, abov…

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FxWirePro-Major European Indices
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Germany DAX -  21087 (-1.24% )

Major resistance-  23820/24000

 

Near-term resistance -21420/21590/21700/22055.

 

Minor support - 21000/20850/20545/20180.

 

Trend reversal level- 17000

 

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

 

Indicators  (4-hour chart)

 

ADX- Bearish (4-hour chart)

 

CCI (50)- Bearish

RSI - 53.69 (4-hour chart)

 

 

France CAC - 7254  (-0.77%)

 

Major resistance- 8254

 

Near-term resistance - 7300/7340/7435/7510/7700

Minor support- 7200/7160/6995/6700/6635/6385.

Trend reversal level- 5600

Indicators

ADX-  Neutral (4-hour chart)

 

CCI (50) - Bearish   (4- hour chart)

 

RSI - 50.14 (4-hour chart)

 

UK FTSE  - 8196 (-0.54% )

 

Major resistance- 8910/9000

 

Near-term resistance -8220/8350/8400

 

Minor support- 8060/7995/7900/7785/7700/7600/7530/7462/7400

Trend reversal level- 7535

Indicators

ADX-  Neutral (4-hour chart)

 

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

 

RSI - 57.04 (4-hour chart)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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