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.
  • Bears have their tight grip on DAX 40.

TRADE SIGNAL- DAX 40– SELL: 14,460.50, TARGET:-14,260.30, STOP LOSS:- 14,560.55.

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