Jump to content

DAX 40 and FTSE 100 Index Technical Outlook: Weakness Ahead


Recommended Posts

DAX, FTSE, GERMAN DAX INDEX, UK FTSE INDEX - TECHNICAL OUTLOOK:

  • DAX has just broken out of a bearish pattern.
  • FTSE is breaking below a multi-week range.
  • What is the outlook and what are the key levels to watch?

DAX 40 and FTSE 100 Index Technical Outlook: Weakness Ahead

DAX TECHNICAL FORECAST - BEARISH

DAX INDEX Weekly Chart

 

DAX INDEX Weekly Chart

Chart Created Using TradingView

 

FTSE TECHNICAL FORECAST – BEARISH

FTSE INDEX Weekly Chart

 

FTSE INDEX Weekly Chart

 

Chart Created Using TradingView

--- Written by Manish Jaradi, Strategist for DailyFX.com

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,989
    • Total Posts
      95,315
    • Total Members
      43,600
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    GEORGE1969
    Joined 23/09/23 15:50
  • Posts

    • In my opinion, higher lev is for scalpers only! For day or swing traders, either spot or lower lev is always recommended!
    • Just now, according to Glassnode data, the number of addresses holding more than 100 BTC has reached a four-month low, currently standing at 15,955.
    • Bitcoin and other major crypto experienced a dip in value on Thursday, erasing gains made earlier in the week. The decline came after the Federal Reserve signaled that interest rates would remain high for an extended period, with Bitcoin retreating 2.3% to $26.5K. Despite the bearish pressure,  the founder and CEO of Bitcoin joint mining company Xive,  Didar stated that the stagnant rate increase is positive for Bitcoin. He suggested that this could reduce the attractiveness of mainstream financial assets to institutional investors in the long term, potentially driving a new rally in Bitcoin's price. Major altcoins and exchange tokens also struggled on Thursday, with ETH changing hands at $1,585, down about 2.6% from Wednesday. Other altcoins such as BNB and BGB also experienced losses. Despite these challenges, some analysts believe that Bitcoin is likely to remain within its recent range between $25,000 and $30,000. Riyad from digital asset data platform Kaiko, noted that the market needs a catalyst to mount any serious rally.  What are your thoughts? 
×
×
  • Create New...
us