. DAX 40 Weekly Price Chart & Technical Analysis - 18 April 2023

DAX 40 Weekly Price Chart & Technical Analysis – 18 April 2023

DAX 40 Weekly Price Chart & Technical Analysis – 18 April 2023

18 Apr 2023

DAX40 Index Technical Analysis: Weekly Chart

Weekly chart

In the weekly charts, the DAX40 Index is trading in an up channel. DAX40 is currently trading below all SMA.

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

Its immediate support is 15500.00 & the resistance level is at 16000.00

DAX40 will trade in an up channel until there is a trend reversal.

DAX40 INDEX Technical Analysis: Daily Chart

Weekly chart

In the daily charts, the DAX40 is trading in an up channel. DAX40 is currently trading above all SMA.

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

Its immediate support is 15500.00 & the resistance level is at 16000.00

DAX40 will trade in an up channel until there is a trend reversal.  

How to Trade DAX40 this Week:

DAX40 will follow the uptrend until its trend reversal. So, remain bearish on DAX40

TRADE SUGGESTION- BUY AT 15716.70, TAKE PROFIT AT 16000.00 AND STOP LOSS AT 15000.00