European Equity Indices Summary for Jun 15, 2020


Major European Indices Technical Analysis Market Overview Report for Jun 15, 2020 | by Techniquant Editorial Team

Highlights

BEL20 closes higher for the 2nd day in a row
DAX closes within prior day's range
N100 closes above its opening price after recovering from early selling pressure
FTSE declines to lowest close since May 22nd
CAC finds buyers at key support level
TECDAX closes within previous day's range

Summary

With four out of the six Major European Indices closing lower today, the ones that stand out on the negative side are FTSE losing -0.66% and CAC closing -0.49% lower. On the flipside the best performers have been BEL20 closing 1.3% higher and TECDAX gaining 0.36%.

One of today's most interesting market conditions in the Major European Indices showed up in DAX: Among the four market conditions that our pattern recognition engine identified today, the statistics for the Price Action based market condition "6 Consecutive Lower Closes" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for DAX. Out of 14 times, DAX closed higher 57.14% 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 71.43% with an average market move of 1.41%. Read more

Major European Indices Overviews

BEL20 3,339.35 42.72 (1.30%) Moving higher for the 2nd day in a row, BEL20 finished Monday at 3339.35 gaining €42.72 (1.3%). The bulls were in full control today, moving the market higher throughout the whole session. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
DAX 11,911.35 -37.93 (-0.32%) Moving lower for the 6th day in a row, DAX finished Monday at 11911.35 losing €37.93 (-0.32%). The bulls were in full control today, moving the market higher throughout the whole session. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
N100 948.84 -4.55 (-0.48%) N100 finished Monday at 948.84 losing €4.55 (-0.48%). Trading up to €13.95 lower after the open, Euronext managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on May 26th, N100 gained 0.86% on the following trading day. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
FTSE 6,064.70 -40.50 (-0.66%) FTSE ended Monday at 6064.70 losing £40.50 (-0.66%). Today's close at 6064.70 marks the lowest recorded closing price since May 22nd. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
CAC 4,815.72 -23.54 (-0.49%) CAC finished Monday at 4815.72 losing €23.54 (-0.49%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
TECDAX 3,080.12 10.95 (0.36%) TECDAX finished Monday at 3080.12 gaining €10.95 (0.36%). Trading up to €43.91 lower after the open, the index managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more

Detailed Reports

Daily technical analysis candlestick chart for Euronext 100 (N100) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for CAC 40 Index (CAC) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Sep 18, 2020
Sep 18, 2020
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