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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

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