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DAX30 Daily Technical Analysis | 24 January 2018

2018-01-24 08:25 am | Resource: Technical Analysis Section | No Views : 341

DAX30 was trading yesterday at 13468 as a result of bulls pushing the German index. Currently the index is still facing the 13572 area and currently the 40 index is still trading in the bullish direction in formation.

DAX30 Daily Technical Analysis | 24 January 2018

The slow moving average is positively intersecting with the SMA but is currently neutral as a result of the overlap with the price movement.
The Momentum MACD index with its default settings is still bearish and still indicates a weakening of buyers' resolve.
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: 13468 - 13343 - 12914
Resistance: 13572 - 13767 - 13852
Trend: Up


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