FTSE 100 holds steady, Nasdaq 100 climbs higher
Explore the FTSE 100's stability above key moving averages, the DAX 40's sideways movement, and the Nasdaq 100's continued upward trend.
FTSE 100 little changed
The FTSE 100's recovery from its November and December 7995 low has taken the UK blue chip index above the 55- and 200-day simple moving averages (SMA) at 8206 to 8214, around which it oscillates. The December to January resistance line at 8300 and the 6 November high at 8304 remain in sight.
The two moving averages act as minor support. Further minor support is seen around the 27 December high at 8159 which was made within the 8183 to 8196 late September and early October lows.
FTSE 100 daily chart
DAX 40 stays side-lined
The German DAX 40 index continues to sideways trade between the late December 19,748 low and the 20,029 early January high. If overcome, the 10 December low at 20,260 would be back in focus.
Support below the late December 19,748 low can be found between the October highs and 55-day SMA at 19,683 to 19,643 and the 20 December low at 19,635.
DAX 40 daily chart
Nasdaq 100 continues to rise
The Nasdaq 100's advance from its 20,769 early January low, made within reach of its December 20,725 low, has so far taken it to 21,384 while targeting the 20 December high at 21,529. Further up lies the 25 December peak at 21,587 which represents another potential upside target.
Major support below the 55-day SMA at 20,973 sits at 20,769 to 20,725. While it underpins, the medium-term uptrend remains intact.
Nasdaq 100 daily chart
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