. Dax 40 Chart Analysis & Price - 10 May 2023

Dax 40 Chart Analysis & Price – 10 May 2023

10 May 2023

Dax 40 Index Technical Analysis: Weekly Chart

In the weekly charts, Dax 40 is trading in an up channel. Dax 40 is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 15500.00 the resistance level is at 17000.00

Dax 40 will trade in an up channel until a trend is reversed.

Dax 40 Index Technical Analysis: Daily Chart

In the daily charts, Dax 40 is trading in an up channel. Dax 40 is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 15500.00 the resistance level is at 16400.00

Dax 40 will trade in an up channel until a trend is reversed.

How to Trade Dax 40 Index this Week:

Dax 40 will follow the uptrend until its trend reversal. So, remain bullish on Dax 40.

TRADE SUGGESTION- BUY AT 16200.00, TAKE PROFIT AT 16700.00, AND STOP LOSS AT 15700.00.