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DAX30 Daily Technical Analysis | 22 January 2018

2018-01-22 07:14 am | Resource: Technical Analysis Section | No Views : 176

DAX 30 broke through the 13343 area during the last tear day as a result of bull pressure on the Germany index, which resulted in the breach of the upper border of the inverse triangle pattern which we mentioned in previous reports.

DAX30 Daily Technical Analysis | 22 January 2018

DAX30 is trading in a bullish ascending direction, the slow moving SMA and the SMA are still in a positive cross and support the indicator.
The index of the momentum of the MACD with the default settings indicates a bullish trend. However, the indicator indicator indicates the beginning of bull weakness.
It is expected that if the index of 30 areas of 13468 breaks, it might target the 13653 areas on the other side, if the 13393 level is breached, targeting 13165 areas.
Support: 13343 - 12914 - 12807
Resistance: 13468 - 13572 - 13767
Trend: Up


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