Technicals

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Major European Indices

Germany DAX - 23981 (-0.32% ) Major resistance- 24000 Near-term resistance 24000/24345/24500. Minor support - 23790/23600/23475/23350/23500/23380/23200/23080/22900/22780. Trend reversal level- 17000 The pair holds above …

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Major European Indices
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Germany DAX -  23981 (-0.32% )

Major resistance-  24000

 

Near-term resistance  24000/24345/24500.

 

Minor support - 23790/23600/23475/23350/23500/23380/23200/23080/22900/22780.

 

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)- Bullish

RSI - 59.75 (4-hour chart)

 

France CAC - 7897 (-0.27%)

 

Major resistance- 8254

 

Near-term resistance - 8000/8200

Minor support- 7700/7600/7554/ 7520/7450/7340/7300/7250/7200.

Trend reversal level- 5600

 

Indicators

ADX-  Neutral (4-hour chart)

 

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

 

RSI - 63.49 (4-hour chart)

 

UK FTSE  - 8778 (-0.10% )

 

Major resistance- 8910/9000

 

Near-term resistance - 8660/8800

 

Minor support-8650/8600/8500/ 8400/8265/8170/8060/7995

Trend reversal level- 7535

 

Indicators

ADX-  Bullish (4-hour chart)

 

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

 

RSI - 69.28 (4-hour chart)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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