DAX 40 INDEX: WEEKLY SCENARIOS

Technical Analysis

DAX 40 Price Technical Analysis: Weekly Chart

In the weekly charts, DAX 40 is trading in an up channel.

DAX 40 is trading below 20 and 50 days SMA & above 100 days SMA.

The nearest support is 14815.10 & the resistance is at 15722.10.

DAX 40 will follow the uptrend until there is a trend reversal.

DAX 40 Price Technical Analysis: Daily Chart

In the daily charts, DAX 40 is trading in a down channel.

DAX 40 is trading below all SMA.

The nearest support is 15028.70 & the resistance is at 15278.40.

DAX 40 will follow the downtrend until there is a trend reversal.

How to Trade DAX 40 this Week:

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

TRADE SUGGESTION- SELL AT 15153.70, TAKE PROFIT AT 15028.70 AND STOP LOSS AT 15278.40

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