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DAX30 Daily Technical Analysis | 23 January 2018

2018-01-23 11:05 am | Resource: Technical Analysis Section | No Views : 258

The Germany Index DAX30 broke through the 13468 area yesterday, but has not confirmed so far due to the weakness of the candle following the breach candle, which raises concern about bulls' strength and determination.

DAX30 Daily Technical Analysis | 23 January 2018

The German index is still trading in a bullish ascending trend, the slow moving SMA and the SMA are becoming neutral and represent a support area for the pair.
The indicator of the moment of the MACD with the default settings indicates a bearish indication indicating a negative technical deviation under formation.
It is expected that if the index of 30 areas of 13496 breaks, it may target 13572 zones on the other side, if the 13392 level is breached, it may target 13159 zones.
Support: 13343 - 12914 - 12807
Resistance: 13468 - 13572 - 13767
Trend: Up


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