FTSE 100 Recovers, while Dax and Dow make Further Gains

FTSE 100, Dow Jones, Dax 40 Analysis and Charts

\u200b\u200b\u200bFTSE 100 rebounds

\u200bThe index has enjoyed two days of gains, recouping the losses suffered on Tuesday.\u200bFurther gains target the 7700 high from early January, before moving on to the late December high at 7750. Having established a higher low this week, the bullish view begins to regain some strength, after a mixed performance in January and February.

\u200bA close back below 7540 and the 200-day simple moving average (SMA) would mark a more bearish development.

FTSE 100 Daily Chart

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\u200bDax at new highs

\u200bThe consolidation of late January and early February has resolved into a move higher, with the index back above 17,000 and back at a new record high.\u200bThe price has once again found support at the 50-day SMA, and looks poised for more upside.

\u200bA more bearish view would need a move back below the 50-day SMA to suggest another push towards the 16,532 and 16,346 areas of possible support.

DAX Daily Chart

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\u200bDow back on course for 39,000

\u200bThe index is heading higher again after a brief shakeout on Tuesday following US inflation data.\u200bFurther gains will carry it back to new record highs, with 39,000 only a short distance away.

\u200bSellers will need a reversal back below 38,000 to suggest a deeper pullback is at hand.

Dow Jones Daily Chart