DAX30 trades well below 200 WMA, targets 9000/8800

FX:GER30   DAX Index
211 0 5
Major resistance – 9755 (Daily Tenkan-Sen)

The index has recovered till 9718 yesterday and declined from that level. It is currently trading around 9400.

The index upside has been capped by daily Kijun-Sen at 9767 and any further bullishness only above 9755. The bearishness from 10348 to 9161 will come to end only if the index closes well above 9767 level.

Any indicative break above 9767 will take the pair till 9896 ( 61.8% retracement of 10348 and 9161)/10000/10350.

The index should break above 10500 for overall trend reversal.

On the lower side major support is around 9400 and any violation below drag the pair down till 9120/8996/8800.

It is good to sell on rallies around 9420-9450 with SL around 9767 for the TP of 9000/8820.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out