DAX 40 Technical Analysis – 08 September 2022
08 Sep 2022
DAX 40 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 12800.00 the resistance level is at 13100.00
DAX 40 will trade in a down channel until there is a trend reversal.
DAX 40 Technical Analysis: Daily Chart
In the daily charts, the 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 12800.00 the resistance level is at 13050.00
DAX 40 will trade in a down channel until there is a trend reversal.
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How to Trade DAX 40 this Week:
DAX 40 will follow the downtrend until its trend reversal. So, remain bearish on DAX 40