Advertising
Advertising
twitter
youtube
facebook
instagram
linkedin
Advertising

Kim Cramer Larsson's technical analyses of DAX and EuroStoxx 50

Kim Cramer Larsson's technical analyses of DAX and EuroStoxx 50| FXMAG.COM
Aa
Share
facebook
twitter
linkedin

Summary:  European Indices continue the bullish move that started yesterday. DAX and EuroStoxx50 are nearing all-time high and could take them out in coming weeks. GER40 and EU50 cfd levels included in the article


DAX gapped higher at the open and is currently trading above the Cloud. The Index is testing resistance at 15,495 and RSI is testing 60 threshold. An RSI close above 60 will confirm DAX uptrend with potential test all-time highs at around 16,290 just above the 1.382 projection.
If DAX slides back to close below the 55 daily SMA and RSI is rejected at 60, DAX could reverse to negative trend. A close below 14,809 will confirm that

kim cramer larsson s technical analyses of dax and eurostoxx 50 grafika numer 1kim cramer larsson s technical analyses of dax and eurostoxx 50 grafika numer 1

Source all charts and data: Saxo Group
GER40 cfd:
 
kim cramer larsson s technical analyses of dax and eurostoxx 50 grafika numer 2kim cramer larsson s technical analyses of dax and eurostoxx 50 grafika numer 2

EuroStoxx 50 is close to test March peak around 4,324. RSI is still below 60 but a likely close above will further confirm the switch to positive sentiment with potential to take out all time highs at around 4,415 and move to 1.382 projection at 4,455.

Read next: S&P 500 ended the session 1.4% higher. This evening Japan's inflation goes public| FXMAG.COM

If the Index slides back in to the Cloud and below 55 daily MA and RSI fails to close above 60 sellers could regain control and the uptrend will be in jeopardy.
A close below 4,093 will reverse the uptrend.

kim cramer larsson s technical analyses of dax and eurostoxx 50 grafika numer 3kim cramer larsson s technical analyses of dax and eurostoxx 50 grafika numer 3


Kim Cramer Larsson

Kim Cramer Larsson

Kim Cramer Larsson started his career in 1996 as an equities trader focusing on the US and Asian markets with BG Bank, London. In 1997, Kim relocated to BG Bank, Copenhagen (BG Bank was acquired by Danske Bank in 2000) to the position of equities trader and portfolio manager. 

Kim began using technical analysis as a trading tool from 1997. In 2005, Kim was promoted to the position of technical analyst in the FX & Fixed Income Research department at Danske Bank. In his current role, Larsson focuses on technical analysis of equities, equity indexes, forex pairs, and more for Saxo Bank. Larsson’s views and analyses can be found on Saxo’s News & Research hub as well as at Saxo’s Academy where he hosts webinars focusing on chart analysis.


Advertising
Advertising