DAX 40 WEEKLY TECHNICAL ANALYSIS – MARCH 04, 2022

technical analysis

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.

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