Technical analysis for 21st April 2026
FTSE 100
- Bias: Neutral → Slight Bullish
- Still messy vs US indices
- But:
- Holding above EMA support
- Not breaking down
- Plan
- Mild buy bias above ~10,600
- Sell only if breaks below ~10,550
- Likely grind higher but choppy
DAX40
- Bias: Bullish continuation
- Yesterday’s hesitation → now buyers stepping back in
- Holding above pivot + trend channel
- Higher highs + higher lows intact
- Plan
- Buy dips into:
- ~24,400–24,450 (pivot / trendline)
- Target:
- 24,700 → 24,850 (R1–R3 zone)
- Buy dips into:
- No reason to short unless structure breaks
NASDAQ
- Bias: Strong Bullish
- Clean trend, no real pullback yet
- Price holding above pivot and mid-channel
- Momentum intact
- Plan
- Buy dips only
- Best entries:
- ~26,550–26,600 (pivot area)
- Continuation toward 27,000+
- Still one of the strongest charts
S&P 500
- Bias: Bullish
- Steady grind higher (very clean structure)
- Respecting channel perfectly
- No bearish signal
- Plan
- Buy dips:
- ~7,080–7,100 (pivot / support)
- Target 7,150 → 7,200+
- Buy dips:
- Slow but reliable trend
GOLD
- Bias: Bearish / pullback
- Clear rejection from upper channel
- Bearish candle off resistance
- Momentum rolling over
- Plan
- Sell rallies:
- ~4,800–4,830 (pivot / resistance)
- Targets: 4,760 → 4,700
- Sell rallies:
- First clean directional move after chop
It's tentatively looking more bullish to start with today and we may well see a rise and dip again today. The bulls defended the 10590 level yesterday and they will be keen to build on that which opens up a rise towards the 10681 level and a test of the key fib an R2 area. Its possible that we get a push as high as R3 10705 which would close the gap from Friday's closing price and may well then see a drop - bear Tuesday to kick in later if it where to get this high.
The 2h chart is just on the cusp of going bullish again with the 10613 area potentially locking in as the Hull MA support, and we also have the green 30m coral and daily pivot at this level too. As such I would like to see this hold any early test for a push higher.
Should the bears break below the 10590 area though then look for a slide down to the 10558 S2 level and with Friday's low also here then a double bottom bounce is possible. Lower still than the bears have daily support at 10450.
On the upside however and above the 10705 level we have the next daily resistance level of note at 10792 - though this is probably a big ask for today but one to keep in mind for a test this week potentially.
On the news front the unemployment rate for the 3 months to Feb has dropped slightly to 4.9%, with only 24k added versus 35k expected and better than the 84k previously! That may well help a bit of confidence across the board start to creep in.
Of course it's still the Middle East that is the main focus and how the fragile ceasefire is panning out, along withe the opening of the Strait. The focus will also start to turn to inflation and interest rates the longer it goes on.
So looking like a rise and dip once again with a potential bear Tuesday kicking in later - watch the 10680 to 10700 zone as resistance.
Good luck today.
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!
Join my Membership for Trading Tips, Support and Resistance Levels with Live Trading
If you would like more detailed analysis for FTSE 100, DAX40, Gold and the S&P500, 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
