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DAX30 Daily Technical Analysis | 12 January 2018

2018-01-12 09:40 am | Resource: Technical Analysis Section | No Views : 197

We pointed out during the report yesterday to break DAX30 trend line up on the hourly interval and during yesterday's index failed to break the 13207 areas due to lack of torque of the bear.

DAX30 Daily Technical Analysis | 12 January 2018

The Germany index is still trading in a bearish direction and the slow moving SMA is cross with the SMA, which is what the sellers are.
The momentum index of McDonnell is positive but its signal so far is not significant.
It is expected that, if the index of 30 areas of 13168 is broken, it may target the areas of 12816 while in the breach of 13246 might target 13395 zones.
Support: 13207-12914 - 12807
Resistance: 13343 - 13468 - 13572
Trend: Down


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