Technical analysis for FTSE 100 for 19th August 2025
A slow and steady bull Monday yesterday with a decent climb off the 9135 support to manage another test of the 9185 resistance level overnight. We may well see a bear Tuesday kick in today, with a possible leg down from this 9185 again. Higher up then the 9222 resistance level looks to be worth a short, should the bulls manage a stronger early rise. The 2h chart remains bearish for the moment, and we are just on both the red coral and Hull MA resistance at the 9176 level as I am writing this.
The daily chart is more optimistic still, with the Raff channels continuing to head upwards and the bottom of the 10d Raff lining up at 9120 and just above the S2 and key fib at 9107. As such, should it drop down to this area then I would like to see this hold as support. Below this then the daily support level is 9097 and with the round number here, then the bulls will be keen to defend.
It's also all eyes on the geopolitical situation at the moment and if a peace deal can be brokered in Ukraine - there's certainly progress. We also have the Jackson Hole summit on the 21st August and traders will be looking for clues on rates following this.
If the bulls were to break above the 9222 level today then I would expect it to aim for the 9300 level during the rest of this week, with R3 at 9260 below that for today. However that does feel a tad optimistic for today unless there is some positive breaking news.
The S&P500 also looks like it will rise and dip, with then 30m 200ema at 6444 and then the daily pivot as initial resistance at the 6450 level, and then the 2h red coral and Hull MA at 6475. If we get this higher level then a short here is also worth a go. Support wise then the 6425 S2 level is in play for today, with 6414 S3 below that. We are also just breaking below the 10d Raff channel first thing as the bears try and regain control.
The DAX40 meanwhile looks a bit more positive initially, with 30m coral support at 24321 and the 30m 200ema at 24305 supporting things overnight. The bulls will be aiming to break above the daily pivot at the 24355 level as that could open up a rise towards the key fib at 24507 - worth a short here if seen. Support wise, then a dip down to the 24176 key fib level and just above the S2 24151 level where we also have the bottom of the 10d Raff channel. As such it would be good to see this level hold.
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!
Membership, 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
