FTSE100, DAX 40and CAC 40 Analysis and Charts
Recommended by Axel Rudolph
Get Your Free Equities Forecast
FTSE 100 looks bid on first day of new quarter
The FTSE 100 rallies back to the 55-day simple moving average (SMA) at 8,226, having on Friday slid to 8,149 in line with a generally weaker European session ahead of this weekend’s first round of the French legislative elections. Since these seem to indicate that neither the far right nor the far left will attain an absolute majority, a relief rally is taking place, helping the FTSE 100 to regain lost ground as well.
A rise above Friday’s high at 8,239 would put last week’s high at 8,314 back on the plate.
FTSE 100 Daily Chart
DAX 40 trades at two-week highs
The DAX 40 has risen above the 55-day simple moving average (SMA) at 18,349 and trades in two-week highs while trying to reach the 18,500 region following the first round of the…
