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DAX, Euro Stoxx, FTSE Daily Forecast

By Jason SenStock MarketsApr 20, 2021 06:46AM ET
www.investing.com/analysis/dax-euro-stoxx-ftse-daily-forecast-200574094
DAX, Euro Stoxx, FTSE Daily Forecast
By Jason Sen   |  Apr 20, 2021 06:46AM ET
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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.

Today’s Analysis

DAX 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.

FTSE Chart
FTSE Chart

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.

DAX, Euro Stoxx, FTSE Daily Forecast
 

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