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DAX30 Daily Technical Analysis | 1 February 2018

2018-02-01 09:46 am | Resource: Technical Analysis Section | No Views : 332

DAX30 crossed the upper boundary of a bearish wedge pattern on the 60-minute time frame as the German index opened today with a higher price gap.

DAX30 Daily Technical Analysis | 1 February 2018

The slow moving average and the simple moving average are intertwined with the movement of the index and therefore our view of them is neutral.
The index of the moment of the macker by the default settings signal upward which supports the penetration indicated above and the indicator shows a positive technical deviation from the initial level supports buyers.
It is expected that if the German 30 index breached the 13267 zone it could target the areas of 13511 while, if the 13152 level breaks, it might target the 12999 zones.
Support: 12914- 12807- 12690
Resistance: 13343 - 13548 - 13767
Trend: Up

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