FTSE100, DAX 40, S&P 500 Analysis and Charts

???FTSE 100 gaps higher on Middle East de-escalation

?On Friday the FTSE 100 dropped sharply, to its late February high at 7,751 as Israel fired missiles at Iran in a retaliatory attack in out-of-hours trading. The index then regained all of its losses and ended the day in slightly positive territory as Iran made it clear that it wasn’t interested in retaliation.

?On Monday morning the FTSE 100 gapped higher and is fast approaching the psychological 8,000 mark which may offer short-term resistance with the 8,017 early April high. A weaker Pound Sterling is also aiding the recovery.

?For the gap to be filled a fall through Monday’s intraday low at 7,944 to Friday’s high at 7,935 must occur.

FTSE 100 Daily Chart

of clients arenet long. of clients arenet short.
Change in Longs Shorts OI
Daily -22% 38% 24%
Weekly -39% 48% 22%

?DAX 40 recovery is underway

?The DAX 40 fell to levels last traded in late February when it hit the 17,400 mark as Israel launched missiles at Iran late last week.

?Friday’s Hammer formation on the daily candlestick chart has been followed by a rise above Friday’s candlestick daily high at 17,773 on Monday morningwith the April downtrend line at 17,976 being in focus, together with the minor psychological 18,000 mark. Were a daily chart close above Friday's high to be made on Monday, at least a short-term bullish reversal pattern would be triggered.

?Slips may find support along the 55-day simple moving average (SMA) at 17,733.Below it sit the 7 March 17,619 low and the 50% retracement of the mid-January to April advance at 17,490.

DAX 40 Daily Chart

Recommended by Axel Rudolph Get Your Free Equities Forecast

?S&P 500 recovers from its two-month low towards the 5,000 mark

?The S&P 500 saw three consecutive weeks of losses take it to a two-month low at 4,927 on escalating tensions in the Middle East and amid hawkish Fed speak as it hit levels last traded in mid-February.

?The index is trying to regain some of its recently lost ground as the situation in the Middle East points towards de-escalation with the psychological 5,000 mark being back in focus. It may act as resistance, though. Further up sits the mid-February high at 5,049 which should also act as resistance.

?Minor support below Friday’s Harami candlestick pattern low at 4,954 sits between Friday’s 4,927 low and the 4,920 mid-February trough.

S&P 500 Daily Chart

Source https://www.dailyfx.com/analysis/ftse-100-dax-40-and-s-p-500-gingerly-regain-lost-ground-on-middle-east-de-escalation-hopes-20240422.html



Technical Analysis DailyFX

Image
Dow Drops Back While Nasdaq 100 hits new High, and Russell 2000 Pushes Towards April High
Tuesday, 21 May 2024
While the Dow is struggling to hold above 40,000, the Nasdaq 100 has hit a fresh high ahead of Nvidia earnings this week. The Russell 2000 is still below the April high... Read more...
Image
FTSE 100, DAX 40 and S&P 500 Come off Record Highs
Friday, 17 May 2024
Outlook on FTSE 100, DAX 40 and S&P 500 amid possible rates higher for longer scenario.... Read more...
Image
Gold, Dow Jones 30, USD/JPY – Bears or Bulls in Control?
Thursday, 16 May 2024
This piece explores sentiment trends in gold, Dow Jones 30, and USD/JPY, examining how positioning could offer insights into the market outlook from a contrarian perspective,... Read more...
Image
US Dollar Sentiment Analysis & Outlook: GBP/USD, EUR/USD, NZD/USD
Thursday, 16 May 2024
This article delves into sentiment trends for GBP/USD, EUR/USD, and NZD/USD, analyzing how the current positions held by retail traders might offer clues about the market... Read more...
Image
Dow & Nasdaq 100 Make Gains, while Hang Seng Rockets Higher
Tuesday, 14 May 2024
US indices continue their recovery from the April lows, while the Hang Seng’s huge gains have continued... Read more...
Image
EUR/USD, USD/JPY, USD/CAD – Sentiment Analysis and Market Outlook
Monday, 13 May 2024
The article provides a comprehensive analysis of retail sentiment on EUR/USD, USD/JPY, and USD/CAD, investigating potential near-term scenarios influenced by market... Read more...
The UK Returns to Growth and US CPI to Drive Markets Next Week
Friday, 10 May 2024
The FTSE was the main winner in a week dominated by UK data and events. All eyes will be focused on the April US CPI figures next week after March's print presented a major... Read more...
Image
FTSE 100 joined by DAX 40 in setting new record high while S&P 500 also rallies
Friday, 10 May 2024
??Outlook on FTSE 100, DAX and S&P 500 as UK exits recession.... Read more...
Image
Gold, Crude Oil, S&P 500 – Sentiment Analysis & Market Outlook
Thursday, 09 May 2024
This article thoroughly analyzes retail sentiment on gold, crude oil, and the S&P 500, delving into potential near-term scenarios shaped by market positioning and... Read more...
Image
Dow and Nasdaq 100 Trim Gains and Nikkei 225 Comes Under Pressure
Thursday, 09 May 2024
US indices continue to make headway overall, but the Nikkei 225 has struggled in recent sessions.... Read more...

Technical Analysis FXstreet

What I See in FX Market
Saturday, 06 July 2013
$EURUSD What Forex Target Traders See: We are currently sitting @ 1.2830 on the S6 form the pivot point and a double bottom. We are waiting to see if we get a bounce back to... Read more...
Central banks and the NFP mix it up
Friday, 05 July 2013
Polish Zloty (EUR/PLN) – MPC cuts rates to lowest level in history For weeks like the ending one, traders wait for a long time. We experienced a lot of action from central... Read more...
Where is the smart money buying/selling $$?
Thursday, 04 July 2013
Simplified Supply Demand Table  The table below includes updated supply/demand levels on the major currency pairs. The table is updated on a daily basis after the NY... Read more...
Where is the smart money buying/selling $$?
Wednesday, 03 July 2013
Simplified Supply Demand Table  The table below includes updated supply/demand levels on the major currency pairs. The table is updated on a daily basis after the NY... Read more...
Where is the smart money buying/selling $$?
Tuesday, 02 July 2013
Simplified Supply Demand Table  The table below includes updated supply/demand levels on the major currency pairs. The table is updated on a daily basis after the NY... Read more...
Where is the smart money buying/selling $$?
Monday, 01 July 2013
Simplified Supply Demand Table  The table below includes updated supply/demand levels on the major currency pairs. The table is updated on a daily basis after the NY... Read more...
What I See in FX Market (Sat, Jun 29 2013)
Saturday, 29 June 2013
$EURUSD What Forex Target Traders See: We are currently sitting @ 1.3016 just below the .618 Fibo in a 5 wave move down. We are waiting to see if we get a bounce on the day... Read more...
GBPUSD is facing channel support
Saturday, 29 June 2013
GBPUSD is facing the support of the lower line of the price channel on daily chart. A clear break below the channel support will indicate that the downtrend from 1.6339 has... Read more...
GBPUSD bounces off the lower Bollinger Band for now. A weak close could spell trouble for next week
Friday, 28 June 2013
A ForexTrading.TV Technical Analysis Video Alert for GBPUSD... Read more...
Where is the smart money buying/selling $$?
Thursday, 27 June 2013
Simplified Supply Demand Table  The table below includes updated supply/demand levels on the major currency pairs. The table is updated on a daily basis after the NY... Read more...

Improve Your Trading Skills

forexforbeginners

"Simply a Must Read for Every Serious Forex Beginner"

Available at Amazon

Now also for Kindle 

get forex book


The Markets