Technical analysis for FTSE 100 for 25th April 2025
Sentiment has inevitably changed as it always does and it's looking more positive and bullish for equities again (9000 FTSE100 this year...!!). As such I am still in buy the dip mode for the longer timeframes, though we did get a decent short yesterday from the 8413 level as the bears drove it down to test the 8350 area again. That held well and its have set up a decently bullish looking 30m chart to start with today, and we have support at the daily pivot 8417 and green 30m coral here also.
As such if we see this level early on then a climb from this to retest the 8475 area would make sense, as this is the line in the sand that the bulls will need to break now, being the recent high. It is also quite strong initial resistance with both R1 and the key fib here, so the bulls will certainly need some momentum to break above.
If they manage to do so then the next level of note is the 8507 R2 and then 8573 for the daily coral resistance level above that. That sort of area might be a bit of a big ask for today though, as it's Friday and we may well see some profit taking ahead of the weekend.
Support wise, below the daily pivot 8415 area then a drop down to test the 30m 200ema and key fib at the 8365 level may well play out, and that could tie in with a double bottom with yesterdays low at 8360 as well. Below this then 8327 is S2 to keep an eye on.
Generally though for the FTSE100 we may well see the bulls try and push on for the bulk of this session. IMHO!
The Dax40 is in a similar position of favouring the bulls and buy the dip. Support also at the daily pivot on this at the 22037 level and the Hull MA on the 2h at 22030 - as such this area should get a decent reaction. A rise then towards the 22340 area would make sense. 21900 is support below that with the key fib here.
The S&P500 needs to break above the 5569 level today as we have R1 and the 2h coral here. Again it's buy the dip and we have decent looking support at the 5450 level with the daily pivot here. The bulls have managed to get the price above the 25ema on the daily as well and are holding it at the moment, and with the gold drop playing out having tested the 3500 level we are seeing some more risk on for equities.
Good luck today and have a great weekend.
Interested in how to start trading the FTSE 100? Frequently Asked Questions on Spread betting
Recommended Broker for trading - MT4/5, web and mobile
IC Markets - offers market leading pricing and trading conditions by providing clients with True ECN Connectivity; this allows you to trade on institutional grade liquidity from the world’s leading investment banks, hedge funds and dark pool liquidity execution venues. Highly recommended!
Membership, Trading Tips, Support and Resistance Levels with Live Trading
If you would like more detailed analysis for FTSE 100, DAX, Gold and S&P, including the trades that I am looking to take myself, then please join my active members community.
Keep up to date with new website posts, free sign up below
