Technicals

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FxWirePro-Major European Indices

Germany DAX - 23312 (1.17% ) Major resistance- 24800 Near-term resistance 23545/23865/24000/24250/24500/24800. Minor support - 23000/22700/22300. Trend reversal level- 17000 The pair holds above short term (34 EMA , abov…

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FxWirePro-Major European Indices
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Germany DAX -  23312 (1.17% )

Major resistance-  24800

 

Near-term resistance 23545/23865/24000/24250/24500/24800.

 

Minor support - 23000/22700/22300.

 

Trend reversal level- 17000

 

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

 

Indicators  (4-hour chart)

 

ADX- Neutral (4-hour chart)

 

CCI (50)- Bearish

RSI - 44.75 (4-hour chart)

 

 

France CAC - 7627 (0.70%)

 

Major resistance- 8254

 

Near-term resistance -7660/7700/7780/8000/8200

Minor support- 7550/7580/7554/ 7520/7450/7340/7300/7250/7200.

Trend reversal level- 5600

 

Indicators

 

 

ADX-  Bearish (4-hour chart)

 

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

 

RSI - 42.07 (4-hour chart)

 

 

 

UK FTSE  - 8839.75 (0.37% )

 

Major resistance- 8910/9000

 

Near-term resistance - 8880

 

Minor support-8780/8685/8600/8500/ 8400/8265/8170/8060/7995

Trend reversal level- 7535

 

 

Indicators

ADX-  Bearish (4-hour chart)

 

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

 

RSI - 50.19 (4-hour chart)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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