Dax 40 Technical Analysis & Trading Suggestions

Dax 40 Technical Analysis

DAX 40 Price Technical Analysis: Weekly Chart

In the weekly charts, DAX 40 is trading in a downward channel.

DAX 40is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.

DAX 40 will follow a downward trend in the coming weeks.

The   DAX 40 crucial support level is at 15,530.80   DAX 40 which is near 20 days SMA as of now. There are no signs of a Bullish trend.

DAX 40 is trading Below All the moving averages. RSI is 41.27. Suggest DAX 30  to move in  a Negative  Direction

Bears have their tight grip on DAX 40.

TRADE SIGNAL- DAX 40– SELL: 14,230.50, TARGET:-14,030.30, STOP LOSS:- 14,330.55.

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