country flagالعربية

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

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 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.