country flagالعربية

Deutsche Bank Daily Technical Analysis | 30 November 2017

2017-11-30 11:36 am | Resource: Technical Analysis Section | No Views : 300

Deutsche Bank broke the bearish trend line three days ago and during yesterday's trading rebounded from 15.45 targeting a negative bat pattern. During yesterday's trading, the stock started to retest the broken trend line.

 Deutsche Bank Daily Technical Analysis | 30 November 2017

Currently, the banking stock is trading in a bearish direction over the hourly interval, the simple moving average and the slow moving average are both negative but without confirmation.
The MACD is still in a negative cross and although you have seen the histogram columns are decreasing below the zero, which indicates the bear's weakness.
It is expected that if the 16.16 break fails, the Bundesbank share may target 14.83 on the other hand, if the German share is breached at 16.16, it may target 17.49.
Support: 15.66 - 14.87 - 14.28
Resistance: 16.65 - 17.49 - 20.00
Trend: Down

Other news

US stocks in wall street rages in the red before the Fed decision

US stocks fell at the beginning of the session on Wednesday as market participants await the latest monetary policy decision from the Federal Reserve. The decision is scheduled to be released at 2:00 pm ET, while Federal Reserve Chairman Jerome Powell is expected to hold a press conference. US housing starts jumping 12.3% in August The number of homes in the US rose 12.3% to a seasonally adjusted annual rate…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.