country flagالعربية

DAX30 Daily Technical Analysis | 7 February 2018

2018-02-07 08:22 am | Resource: Technical Analysis Section | No Views : 396

DAX30 opens trading yesterday on the sharp price gap down as a result of pressure sellers on the index and the correction to profit-taking which led the approach of the index support 11988 and bounce them areas after hours trading.

DAX30 Daily Technical Analysis | 7 February 2018

The 30-hour chart broke the downtrend line on the hourly intraday basis, and the simple moving average crossed positively with the slow moving SMA without confirmation.
The momentum indicator of MACD started to indicate weakness and decreasing bear strength in the indicator but does not indicate a bull force.
It is expected that if the breach of the 30 index of the German 12541 area may target the 12954 areas on the other side, if breaking the level of 12328 may target areas of 11988.
Support: 12328 - 11988- 11853
Resistance: 12735 - 12914 - 13343
Trend: Down

Other news

US stocks open higher on Friday as trade concerns eased

US stock markets began the last trading session of the week slightly higher after the media reported that Washington is ready to grant temporary tariff exemptions to 437 Chinese products. At the same time, another report claimed that the United States would not remove import tariffs on auto parts made in Japan as part of the expected trade agreement. In business news, Apple launched. The new iPhone 11 series worldwide.…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.