Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
FTSE 100 & DAX 30 Technical Forecast for the Week Ahead

FTSE 100 & DAX 30 Technical Forecast for the Week Ahead

Justin McQueen,
What's on this page

FTSE 100, DAX 30 Analysis and News

  • FTSE 100 | Key Support Tested
  • DAX | Reversal Off Channel Top

FTSE 100 | Key Support Tested

The FTSE 100 has been lacking a directional bias, given that the index has continued to find support at the 200DMA (7377), while the 50DMA (7520) has curbed upside in the short run. Alongside this, trendline resistance above 7600 remains firm and is unlikely to be challenged in the near-term. That said, with the RSI continuing to trend lower, eyes are for a firm break below 200DMA, which in turn could see a move towards the 38.2% Fibonacci retracement at 7261.

7377200DMA744023.6% Fib
7350Feb 18th low7480Feb 20th High
726138.2% Fib752050DMA
Equities Forecast
Equities Forecast
Recommended by Justin McQueen
Download our fresh Q1Equity Forecast
Get My Guide

FTSE 100 Price Chart: Daily Time Frame

FTSE 100 Price Chart Daily Time Frame

Chart by IG

How to Trade FTSE 100

DAX 30 | Reversal Off Channel Top

Having consolidated around the record highs of 13800, the DAX has since reversed from its channel top to break below prior support (now resistance) at 13600. While the impact of the coronavirus has been somewhat lacking, investors remain cautious nonetheless, which in turn leaves the index vulnerable to a notable pullback, particularly on a break below the channel bottom.

Germany 40 Bullish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -9% 1% -1%
Weekly -46% 67% 20%
What does it mean for price action?
Get My Guide
13450Channel Bottom13600-
1340050DMA13895Channel Top
1279276.4% Fib14000-

DAX 30 Price Chart: Daily Time Frame

Daily DAX 30 Price Chart

Chart by IG


Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

--- Written by Justin McQueen, Market Analyst

Follow Justin on Twitter @JMcQueenFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.