DAX, Euro Stoxx, FTSE Daily Forecast
Jason Sen | Apr 20, 2021 06:46AM ET
DAX 30 June topped exactly at the next target of 15500/520. We bottomed just above strong support at 15340/300.
Euro Stoxx 50 June reversed from 4000 to test first support at 3975/70.
FTSE 100 June hit 7000.
h2 Today’s Analysis/h2DAX strong support at 15340/300. Longs need stops below 15270. A break lower, however, targets 15180/160 with support at 15120/100.
Minor resistance at 15440/450. Above 15460, look for a retest of 15500/520. Further gains are likely eventually in the bull trend targeting 15650/700 and resistance at 15800/850.
Euro Stoxx hits 4000! Further gains target 4018/22 and 4032/35.
First support at 3975/70. Below 3960 tests strong support at 3945/40. Longs need stops below 3930.
FTSE beat 6950/60 and closed the week above the 100 week moving average at 6980/85 after hitting 7000. We held this big number yesterday. A break above 7000 today targets 7035/45 and 7090/95.
Good support at 6940/30 with better support at 6910/6890 likely to see a low for the day if tested. Longs need stops below 6880. Next target is 6855.
Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realized. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.