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DAX30 Daily Technical Analysis | 18 January 2018

2018-01-18 12:54 pm | Resource: Technical Analysis Section | No Views : 215

The main Germany index DAX30 is trading in a classical inverse triangle pattern on the hourly timeframe, where the German index can be observed for higher peaks than other, and also the formation of lower lows than others.

DAX30 Daily Technical Analysis | 18 January 2018

The slow moving SMA and the SMA are not currently significant.
The Moment of Machd indicator with default settings is not currently important as it needs confirmation.
It is expected that if the index of 30 areas of 13124 breaks, 12929 zones may be targeted on the other side, if a breach of 13246 might target 13343 areas.
Support: 12914 - 12807 - 12690
Resistance: 13343 - 13468 - 13572
Trend: Sideway


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