European Equity Indices Summary for Jul 08, 2019


Major European Indices Technical Analysis Market Overview Report for Jul 08, 2019 | by Techniquant Editorial Team

Highlights

N100 finds buyers again around 1081.86
FTSE closes within prior day's range after lackluster session
CAC finds buyers again around 5572.77
TECDAX unable to break through key resistance level
DAX closes above its opening price after recovering from early selling pressure
BEL20 closes lower for the 2nd day in a row

Summary

With six out of the six Major European Indices closing lower today, the ones that stand out on the negative side are BEL20 losing -0.96% and TECDAX closing -0.24% lower. None of the markets managed to end the day in the green.

One of today's most interesting market conditions in the Major European Indices showed up in FTSE: Among the four market conditions that our pattern recognition engine identified today, the statistics for the Price Action based market condition "3 Consecutive Lower Closes" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for FTSE 100. Out of 150 times, FTSE closed higher 58.00% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after 10 trading days, showing a win rate of 59.33% with an average market move of 0.49%. Read more

Major European Indices Overviews

N100 1,084.57 -1.51 (-0.14%) Moving lower for the 2nd day in a row, N100 ended Monday at 1084.57 losing €1.51 (-0.14%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more
FTSE 7,549.30 -3.80 (-0.05%) Moving lower for the 3rd day in a row, FTSE ended Monday at 7549.27 losing £3.83 (-0.05%). Trading £18.20 higher after the open, the index was unable to hold its gains as the bears took control ending the day below its opening price. The last time this happened on July 4th, FTSE lost -0.66% on the following trading day. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more
CAC 5,589.19 -4.53 (-0.08%) Moving lower for the 2nd day in a row, CAC ended Monday at 5589.19 losing €4.53 (-0.08%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more
TECDAX 2,917.80 -7.09 (-0.24%) Moving lower for the 2nd day in a row, TECDAX finished Monday at 2917.80 losing €7.09 (-0.24%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range in a lackluster session. Read more
DAX 12,543.51 -25.02 (-0.20%) Moving lower for the 2nd day in a row, DAX ended Monday at 12543.51 losing €25.02 (-0.2%). Trading up to €32.82 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on June 12th, DAX gained 0.44% on the following trading day. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Read more
BEL20 3,608.59 -35.14 (-0.96%) Moving lower for the 2nd day in a row, BEL20 ended Monday at 3608.59 losing €35.14 (-0.96%). Ending with a weak close near the low of the day sets a bearish note for the next session. Read more

Detailed Reports

Daily technical analysis candlestick chart for TecDAX (TECDAX) as at Mar 31, 2020
Mar 31, 2020
Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Mar 31, 2020
Mar 31, 2020
Daily technical analysis candlestick chart for CAC 40 Index (CAC) as at Mar 31, 2020
Mar 31, 2020
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Mar 31, 2020
Mar 31, 2020
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