European Equity Indices Summary for Jul 09, 2019


Major European Indices Technical Analysis Market Overview Report for Jul 09, 2019 | by Techniquant Editorial Team

Highlights

N100 finds buyers at key support level
DAX closes below its opening price unable to hold early session gains
BEL20 ends the day indecisive
FTSE closes lower for the 4th day in a row
CAC breaks below Monday's low
TECDAX closes lower for the 3rd 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 DAX losing -0.85% and TECDAX closing -0.69% 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 CAC: Among the three 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 CAC 40. Out of 152 times, CAC closed higher 55.92% 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 60.53% with an average market move of 0.93%. Read more

Major European Indices Overviews

N100 1,080.53 -4.04 (-0.37%) Moving lower for the 3rd day in a row, N100 finished Tuesday at 1080.53 losing €4.04 (-0.37%). Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more
DAX 12,436.55 -106.96 (-0.85%) Moving lower for the 3rd day in a row, DAX ended Tuesday at 12436.55 losing €106.96 (-0.85%). Trading €40.61 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 June 24th, DAX lost -0.38% on the following trading day. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more
BEL20 3,587.91 -20.68 (-0.57%) Moving lower for the 3rd day in a row, BEL20 finished Tuesday at 3587.91 losing €20.68 (-0.57%). Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more
FTSE 7,536.50 -12.80 (-0.17%) Moving lower for the 4th day in a row, FTSE finished Tuesday at 7536.47 losing £12.83 (-0.17%). Closing below Monday's low at 7538.70, the Footsie confirmed its breakout through the previous session low after trading up to £20.76 below it intraday. Read more
CAC 5,572.10 -17.09 (-0.31%) Moving lower for the 3rd day in a row, CAC ended Tuesday at 5572.10 losing €17.09 (-0.31%). Closing below Monday's low at 5572.77, the CAC confirmed its breakout through the previous session low after trading up to €28.15 below it intraday. Read more
TECDAX 2,897.64 -20.16 (-0.69%) Moving lower for the 3rd day in a row, TECDAX ended Tuesday at 2897.64 losing €20.16 (-0.69%). Closing below Monday's low at 2910.07, the stock index confirmed its breakout through the previous session low after trading up to €22.54 below it intraday. Read more

Detailed Reports

Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Apr 03, 2020
Apr 03, 2020
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Apr 03, 2020
Apr 03, 2020
Daily technical analysis candlestick chart for BEL 20 (BEL20) as at Apr 03, 2020
Apr 03, 2020
Daily technical analysis candlestick chart for CAC 40 Index (CAC) as at Apr 03, 2020
Apr 03, 2020
Trending Assets
Top Movers