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DAX30 Daily Technical Analysis | 19 January 2018

2018-01-19 10:05 am | Resource: Technical Analysis Section | No Views : 180

So far, DAX30 is trading in a classical inverse triangle pattern on the 60-minute interval and currently the 30-pointer has broken the secondary descending trend line to show relative superiority of the bulls on the bear at the moment.

DAX30 Daily Technical Analysis | 19 January 2018

The Germany index is still trading in an intraday direction as long as it is trading within the classical triangle, the slow moving average and the simple simple moving average are positive intersections, and this is confirmed by the breach of 13246.
The indicator of the momentum of the MACD by the default settings indicated upward.
It is expected that if the index of 30 areas of 13343 is breached, it may target the 13468 zones, but if the breach of 13195 might target 13121 areas.
Support: 12914 - 12807 - 12690
Resistance: 13343 - 13468 - 13572
Trend: Sideway

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