DAX, EuroStoxx, FTSE

Dax 30 June has held strong support at 15130/110 for 2 weeks & we bottomed exactly here again yesterday. We topped exactly at first resistance at 15270/290. Same levels apply for today of course.

EuroStoxx 50 June holding support at 3940/30.

FTSE 100 June topped just 3 ticks from resistance at the April high of 6990/7000.

Daily analysis

Dax held strong support at 15130/110. Longs need stops below 15080. Further losses meet strong support at 14940/900. Longs need stops below 14860.

First resistance at 15270/290. Shorts need stops above 15320. A break higher targets 15370/80. Above here look for 15440/450 before a retest of the all-time high at 15500/529. A break higher in the bull trend targets 15650/700 & resistance at 15770/790.

EuroStoxx holding below 3930 risks a slide to strong support at 3900/3890. Longs need stops below 3880. A break lower targets 3865/62 with strong support at 3845/35. Longs need stops below 3825.

Holding above 3940 targets 3960/3970 before a test of 3990/4000 highs. Further gains this week target 4018/22 & 4032/35.

FTSE holding key 200 week moving average resistance at the April high of 6990/7000 again last week.

First support at 6910/6900. A break below 6890 however risks a slide to 6860/55, perhaps as far as support at 6840/35. Watch for 100 month moving average support at 6780/60.

Chart

DAX

ftse

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD skyrockets to 1.2150 on poor US jobs figures

EUR/USD has hit a new multi-month peak above 1.2150 after the US reported an increase of only 266,000 jobs in April against nearly one million expected. The dollar is under immense pressure. 

EUR/USD News

GBP/USD soars toward 1.40 after disappointing Nonfarm Payrolls

GBP/USD has been extending its gains after the US Nonfarm Payrolls badly disappointed with an increase of only 266,000 jobs in April, nearing 1.40. Earlier, sterling benefited from the UK Conservative Party's gains in local elections. 

GBP/USD News

XAU/USD soars above $1,835 after weak Nonfarm Payrolls

Gold has leaped above $1,835 after the US reported an increase of only 266K jobs in April, far below expectations. Lower US yields support the precious metal.

Gold News

Judge reaffirms order SEC must produce documents on Bitcoin, Ether and XRP in Ripple case

Ripple's victory granted the firm access to the SEC's documents on the three leading cryptocurrencies. The regulatory agency recently denied the possession of these documents.

More Dogecoin News

S&P 500 and Nasdaq: Can the Fed pump anymore after weak jobs report

Well, that was an interesting jobs report. Not too many people were forecasting that one. Just in case you missed it NFP were forecast to come in around the 1 million jobs gained but instead the US only added 266k.

Read more

Majors

Cryptocurrencies

Signatures