Technical Update - DAX in downtrend. AEX25 and CAC40 testing key supports. BEL20 downtrend weakening

GER40 cfd: Bouncing from support at 15,500 but bearish picture is confirmed with RSI closing below 40 threshold Thursday

AEX 25 was rejected at the rising trendline now testing key support at around 748.  RSI hasn’t yet closed below 40 meaning it is technically still showing positive sentiment. IF AEX closes below 748 and RSI closes below 40 a bear trend has been confirmed.

If AEX can keep itself above 748 the Index could be range bound for the next few days or week

NETH25 cfd: bouncing from 748 support. Could be range bound next few days. A close below 748 and RSI close below 40 could fuel a sell off down to around 735-730

BEL20 down trend is weakening with divergence on RSI. However the trend is still down ant and BEL20 could slide lower to support at around 3,378 possibly dipping to around 3,300

A daily close above 3,572 could fuel a short rally towards 3,668-3,700

BELG20 cfd:

CAC40 is testing key support around 7,083. Index is in a confirmed down trend however, with the RSI below 40. A down trend that could take CAC40 below 7K, testing the 0.786 retracement at 6,964. Around that level the 200 daily Moving Average will add some support.
However, no strong support until around 6,885-6,796

To reverse the bearish trend a close above 7,427. However, if the Index can keep closing above 7,083 it could trade in a range between 7,400 and 7,000

FRA40 cfd: in downtrend hovering around the 0.618 retracement and 7,100 level. Could drop to the 0.786 retracement at 6,965 and support at around 6,950.
Need to close above 7,30 to demolish bearish outlook.