European markets weekly technical report 6 to 10 Feb 2017

ftse 100 weekly technical report 6 to 10 Feb 2017

Ftse 100-fresh continuation pattern targets 7280 and 7450

FTSE 100 index this week closed with flat gain on strong recovery at 7188. Ftse this week hit low around 7090 while high was at 7202 and closed near it. On daily chart, FTSE 100 index given trend breakout above 7180 and closed above it. Now expect fresh bullish trend with price targets 7280 and then 7450. On long term charts, FTSE 100 index is heading for 7300 and 7450 levels. cac 40 weekly technical report 6 to 10 Feb 2017

Cac 40-trend reversal breakout tgts 4880 and 4990

Cac 40 index this week closed with gain on late recovery move at 4825. This week, Cac 40 hit low 4748 while week high point was 4847. Total 100 points range and another positive weekly closing for this French index. Cac 40 on daily chart, given trend breakout above 4815 and entered into bullish trend for short terms. On upside 4880 and then 4990 will be target zones for February series. From long term view, Cac 40 is in bullish trend and is heading for target zones 5175 and 5500. dax 30 weekly technical report 6 to 10 Feb 2017

Dax 30-remain buy above 11640 for targets 11850-12100

Dax 30 index this week closed at 11651 with loss. Dax this week hit high at 11792 while low was at 11535. Total 250 points drop from top and first weak closing after last eight positive weeks. From short term view, Dax 30 is recovering from lows and expect uptrend continuation above 11640 for big upside short term targets of 11850 and then 12100. From long term view, Dax 30 is bullish trend and heading for targets 12400 and then 13350.

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Pramod Baviskar

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