DAX 40 Price Technical Analysis: Weekly Chart
- In the weekly charts , DAX 40 is trading in a downward channel.
- DAX 40 is 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 15,607.3 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: 12,950.80, TARGET:-12,550.30, STOP LOSS:- 13,150.55.