Technical analysis for 1st April 2026
- Trump set to address nation on Iran at 9 p.m. Wednesday (0100 GMT Thursday)
- S&P 500 futures up 0.3% on de-escalation hopes
- Kospi surges as much as 5.5%, Nikkei gains up to 3.9%
- MSCI Asia ex-Japan index on track to snap four-day losing streak
- Dollar and Brent crude subdued after earlier declines, Treasury bonds recover
FTSE 100 — Bullish short-term (strongest market)
- What’s happening
- Clean bullish continuation
- Holding above pivot
- Multiple strong green candles
- Breaking structure short-term
- Read: This is now leading the indices
- Bias: Buy dips (intraday strength)
- But still below major higher timeframe resistance
DAX — Bearish → Rally into resistance
- What’s happening
- Continued upside follow-through
- Price now pushing into EMA cluster + R1 zone
- Still inside descending channel
- No higher high / trend break yet
- Read: This is getting overextended into resistance
- Bias: Sell rallies (high probability area now)
NASDAQ — Bearish (stalling at resistance)
- What’s happening
- Bounce losing momentum
- Sitting just under pivot / EMA resistance
- Still clean lower high structure
- Read: Weak recovery → likely rollover
- Bias: Sell rallies
S&P 500 — Bearish → Relief rally near resistance
- What’s happening
- Strong bounce candle but now approaching EMA + R1 zone
- Trend still down
- Lower high still intact
- Bias: Sell rallies (same as DAX setup)
GOLD — Bullish pullback (continuation)
- What’s happening
- Strong bullish continuation
- Holding above pivot + EMAs
- Momentum clearly upward
- Bias: Buy dips
Off we go for another new month already and things are looking more positive on the war front following Trumps recent comments and the spectre of a press conference later. Is the end in the sight of the bombing but what will be the longer term ramifications? Will the Straits reopen? What will the passage be like? The fall out will continue for a long while yet. We are also now into "Awful April" in the UK in terms of more price rises and families are bracing for more increase in costs across the board from water to council tax, fuel to food.
Initially we are just shy of the 10306 daily resistance level and we may well see an initial drop off from here to test the daily pivot at 10200 - any dip today is a buy really as we have new month money and a positive news flow. Above the 10310 level then 10365 is the next key level with the R1 and top of the 20d Raff channel here.
In another positive sign for the bulls the 10d Raff channel has started to head upwards for the first time in a while, helped by the climb from that 9670 support level holding so well recently. Above the 10365 level then we can start to look more optimistically for 10520 and higher - maybe not today for that though! We do have R2 at 10452 which if the S&P500 pushes on later isn't totally off the table so keep an eye out for that. 10500 is the top of the 10d Raff channel as well.
Support wise, then the pivot as mentioned is likely to hold, then the 2h Hull MA below that, currently at 10150, then S1 at 10107 - again I am not expecting it to get this low and would like to see any dip down to the pivot at 10200 hold instead.
Generally the FTSE100 is looking the most bullish out of the markets we analyse, but following a decent bullish performance by the Asian markets I am thinking that we will see most markets climb today. News notwithstanding!
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