country flagالعربية
0
0

DaX30 Daily Technical Analysis | 17 January 2018

2018-01-17 08:56 am | Resource: Technical Analysis Section | No Views : 170

The Germany index DAX30 opened yesterday's trading session with a higher price gap, which led to the break of the bearish trendline as it crossed the upper boundary of the symmetrical triangle pattern on the hourly interval.

DaX30 Daily Technical Analysis | 17 January 2018

Following the failure of the index to breach the 13343 areas, it began to decline to break the lower leg of the symmetrical triangle pattern and the slow simple moving average crossed negatively with the SMA but without confirmation.
The momentum indicator of MACD with the default setting is bearish
It is expected that, if the index of 30 areas of 13161 is breached, 13031 zones may be targeted, while a breach of 13343 might target 13468 areas.
Support: 12914 - 12807 - 12690
Resistance: 13343 - 13468 - 13572
Trend: Down


Other news

European shares open lower as traders focus on Brexit

Stocks in Europe's main stock markets opened lower on Monday amid uncertainty over Brexit. Irish Foreign Minister Simon Coffini has warned of "difficult issues" to be resolved before an agreement on a UK withdrawal from the European Union can be reached. On the data, Eurostat was set on a report on the industrial production of the block later in the day. Germany allows Huawei 5G network technology from China In…

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 doubts.TradingPekk.com 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.