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DAX30 Daily Technical Analysis | 16 January 2018

2018-01-16 09:32 am | Resource: Technical Analysis Section | No Views : 188

DAX30 is trading sideways within a classic symmetrical triangle pattern on the hourly interval, and the German index has breached 13207 areas during trading but without confirmation so far.

DAX30 Daily Technical Analysis | 16 January 2018
 DAX 30 January Daily Technical Analysis
The slow moving average is cross with the SMA but is still neutral.
The momentum indicator of MACD with regular settings is currently neutral.
It is expected that, if the index of 30 areas of 13161 is broken, it might target the 12899 areas on the other side if the breach of 13261 might target 13390 zones.
Support: 13207-12914 - 12807
Resistance: 13343 - 13468 - 13572
Trend: sideway

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