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DAX30 Daily Technical Analysis | 15 January 2018

2018-01-15 10:22 am | Resource: Technical Analysis Section | No Views : 166

The main Germany index DAX30 broke the secondary downtrend line on the 60-minute time frame last Friday but without confirmation so far.

DAX30 Daily Technical Analysis | 15 January 2018

Our neutral view of the 30-day trade due to the trading between the 13258 zones and the 13199 areas, the slow moving average and the simple moving average are not significant.
Although the MACD indicator with the default settings is positively cross, its signal is insignificant as the indicator passes through the drain.
It is expected that, if the index of 30 areas of 13155 breaks, it might target the 12932 areas on the other side if the breach of 13258 might target 13393 areas.
Support: 13207-12914 - 12807
Resistance: 13343 - 13468 - 13572
Trend: neutral


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