. DAX40 Index Technical Analysis - 06 September 2022 | CS|Fx

DAX40 Index Technical Analysis – 06 September 2022

DAX40 Index Technical Analysis

DAX40 Index Technical Analysis: Weekly Chart

DAX40 Index Technical Analysis

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

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 12600.00 & the resistance level is at 12850.00

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

DAX40 INDEX Technical Analysis: Daily Chart

DAX40 Index Technical Analysis

In the daily charts, the DAX40 is trading in a down channel. DAX40 is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 12700.00 & the resistance level is at 12800.00

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

How to Trade DAX40 this Week:

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

TRADE SUGGESTION- SELL AT 12750.00, TAKE PROFIT AT 12670.00 AND STOP LOSS AT 12810.00

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