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DAX30 Daily Technical Analysis | 29 January 2018

2018-01-29 10:02 am | Resource: Technical Analysis Section | No Views : 292

In the last Friday's report we pointed to the break of DAX30 area 13343 and the German index is still trading below these levels and currently our neutral view of the index as long as trading between the regions of 13395 to 13263 areas.

DAX30 Daily Technical Analysis | 29 January 2018

The slow moving SMA and the SMA are both positive but not yet confirmed.
The momentum indicator of MACD is a positive cross, which supports buyers.
It is expected that if the Germany mail index breaks the 13263 zone, it might target the 12940 areas on the other side, if the breach of 13395 might target the areas of 13518.
Support: 12914- 12807- 12690
Resistance: 13343 - 13548 - 13767
Trend: neutral


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