Dax 40 Index Technical Analysis & Price Forecast

Dax 40 Index Technical Analysis & Price Forecast

DAX 40 Price Technical Analysis

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.

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

Its immediate support is 11600.00 the resistance level is at 12200.00

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

Dax 40 Index Technical Analysis: Daily Chart

In the daily charts, Dax 40 is trading in a down channel. Dax 40 is currently trading below all SMA.

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

Its immediate support is 11650.00 the resistance level is at 12200.00

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

How to Trade Dax 40 Index this Week:

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

TRADE SUGGESTION- SELL AT 11952.00, TAKE PROFIT AT 119600.00 AND STOP LOSS AT 12200.00.

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