DAX 40 Index Technical Analysis: Weekly Chart

In the weekly charts, DAX 40 is trading in a down channel. DAX 40 is currently trading below all SMA except MA (5).

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 12300.00 the resistance level is at 12900.00

Dax 40 will trade in a down channel until there is a trend reversal. 

DAX 40 Index Technical Analysis: Daily Chart

In the daily charts, DAX 40 was trading in a down channel. DAX 40 is currently trading below all SMA except MA (5).

RSI is in the neutral zone which indicates neutralness. MACD is currently below zero which indicates bearishness.

Its immediate support is 12300.00 the resistance level is at 12800.00

DAX 40 was traded in a down channel before there is an upside breakout.   

How to Trade DAX 40 this Week:

DAX 40 will follow the downtrend until its trend reversal. So, remain bearish on DAX 40

TRADE SUGGESTION- SELL AT 12571.90, TAKE PROFIT AT 12300.00 AND STOP LOSS AT 12700.00