Technical analysis for 27th April 2026
FTSE 100
- Bias: Bearish (unchanged)
- Clear downtrend channel
- Below pivot (~10,400)
- Weak structure vs US markets
- Plan
- Sell rallies:
- 10,400–10,500
- Targets:
- 10,300 → 10,250
- Sell rallies:
- Still clean short market
DAX (Germany 40)
- Bias: Neutral → Slight Bullish
- Holding above pivot (~24,150)
- Structure = sideways after prior weakness
- No strong breakdown continuation
- Plan
- Buy dips:
- 24,000–24,100
- Sell only if:
- Clear break back below pivot
- Buy dips:
- Market is balancing, slight upside edge if pivot holds
NASDAQ (US Tech 100)
- Bias: Bullish (trend intact)
- Strong uptrend still respected
- Small pullback candle = healthy pause
- Holding above pivot + channel support
- Plan
- Buy dips:
- 27,100–27,200
- Targets:
- 27,600 → 27,900
- Buy dips:
- Still leader – buy-the-dip market
S&P 500 (US 500)
- Bias: Mild Bullish
- Consolidation near highs
- Holding trend + higher lows intact
- Plan
- Buy dips:
- 7,120–7,150
- Targets:
- 7,250+
- Buy dips:
- Grinding higher, slower than Nasdaq
GOLD (XAUUSD)
- Bias: Bearish (with bounce risk)
- Downtrend still intact
- Slight bounce off lows but still:
- Below pivot
- Below resistance trendline
- Plan
- Sell rallies:
- 4,740–4,780
- Targets:
- 4,650 → 4,600
- Sell rallies:
- Treat current move as corrective bounce
Bulls are starting the new week on the front foot and we haven't had a big gap down this time. As such we may well see the FTSE100 try to push on towards the 10458 key fib resistance level this morning, if the bulls can defend any drops down to the 10350 support level. Along with S1 here we also have the Hull MA 2h support so I would like to see this hold for a push up.
The line to break is then the red 2h coral at 10420 and just below S1, and ideally the bulls will be looking to take it up towards the 10458 key fib, and also the 30m 200ema at 10445.
If things were to get really bullish in the early part of this week then keep an eye out for the 10524 daily resistance level. The 10d Raff channel is still heading down, with the FTSE100 being the weaker market still, and the bulls will certainly have their work cut out. That said, with the US markets looking stronger, it may well help pull the FTSE100 up with it.
Support wise then 10350 looks decent, but a break of that may well see a test of S3 at 10263 as the bears would be pretty emboldened by such a break. The lower daily support is down at 10196 as well, and not totally out of the question still.
So, cautiously bullish today for a bull Monday, and looking for a test of the 10450 area.....
Good luck today.
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