European Equity Indices Summary for Jul 03, 2020


Major European Indices Technical Analysis Market Overview Report for Jul 03, 2020 | by Techniquant Editorial Team

Highlights

N100 finds buyers at key support level
FTSE breaks back below 20-day moving average
CAC breaks below key technical support level
DAX runs into sellers again around 12649.98
BEL20 runs into sellers again around 3411.70
TECDAX closes higher for the 4th day in a row

Summary

With five out of the six Major European Indices closing lower today, the ones that stand out on the negative side are FTSE losing -1.33% and CAC closing -0.84% lower. On the flipside the best performer has been TECDAX closing 0.13% higher.

One of today's most interesting market conditions in the Major European Indices showed up in FTSE: Among the eight market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "Bearish Outside Bar" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for FTSE 100. Out of 114 times, FTSE closed higher 59.65% 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 51.75% with an average market move of 0.13%. Read more

Major European Indices Overviews

N100 992.87 -5.45 (-0.55%) N100 ended the week 2.24% higher at 992.87 after losing €5.45 (-0.55%) today. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range in a lackluster session. Read more
FTSE 6,157.30 -83.10 (-1.33%) FTSE ended the week -0.03% lower at 6157.30 after losing £83.10 (-1.33%) today. Closing below Thursday's low at 6158.00, the market confirmed its breakout through the previous session low after trading up to £20.91 below it intraday. Read more
CAC 5,007.14 -42.24 (-0.84%) CAC finished the week 1.99% higher at 5007.14 after losing €42.24 (-0.84%) today. 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 12,528.18 -80.28 (-0.64%) DAX ended the week 3.63% higher at 12528.18 after losing €80.28 (-0.64%) today. The bears were in full control today, moving the market lower throughout the whole session. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range in a lackluster session. Read more
BEL20 3,393.25 -9.21 (-0.27%) BEL20 finished the week 2.68% higher at 3393.25 after losing €9.21 (-0.27%) today. 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
TECDAX 3,003.45 3.80 (0.13%) Moving higher for the 4th day in a row, TECDAX ended the week 3.15% higher at 3003.45 after gaining €3.80 (0.13%) today. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more

Detailed Reports

Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Sep 23, 2020
Sep 23, 2020
Daily technical analysis candlestick chart for TecDAX (TECDAX) as at Sep 23, 2020
Sep 23, 2020
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Sep 23, 2020
Sep 23, 2020
Daily technical analysis candlestick chart for Euronext 100 (N100) as at Sep 18, 2020
Sep 18, 2020
Trending Assets
Top Movers