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DAX30 Daily Technical Analysis | 26 January 2018

2018-01-26 11:21 am | Resource: Technical Analysis Section | No Views : 343

The Germany main index DAX30 broke the 13343 area yesterday as a result of the pressure of sellers on the German index as the index suffers from a weakness as we noted in yesterday's report.

DAX30 Daily Technical Analysis | 26 January 2018

The 30-day chart is currently trading in a bearish direction and the slow moving SMA crosses the short-term SMA and has been confirmed.
The indicator of the moment of the default MACD is currently down.
It is expected that if the Germany30 index breaks the 13214 area, it might target the 12968 areas on the other side, if the breach of 13343 might target the areas of 13519.
Support: 12914- 12807- 12690
Resistance: 13343 - 13548 - 13767
Trend: Down

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