. DAX 40 Price Technical Analysis & Trade Signals - 13 September

DAX 40 Price Technical Analysis – 13 September 2022

DAX 40 Price Technical Analysis

DAX 40 Technical Analysis: Weekly Chart

DAX 40 Price Technical Analysis

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 neutral zone which indicates Neutralness. MACD is currently below zero which indicates bearishness.

Its immediate support is 13220.00 the resistance level is at 13650.00

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

DAX 40 Technical Analysis: Daily Chart

DAX 40 Price Technical Analysis

In the daily charts, DAX 40 was trading in a down channel. DAX 40 is currently trading above all SMA.

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

Its immediate support is 13200.00 the resistance level is at 13600.00

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

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 13440.10, TAKE PROFIT AT 13100.00 AND STOP LOSS AT 13650.00

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