Index Trading: DAX 40 Technical Analysis, Trading Signals and News

Index Trading: DAX 40 Technical Analysis, Trading Signals and News

DAX 40 Technical Analysis

DAX 40 Technical Analysis: Weekly Chart

DAX 40 Technical Analysis

In the weekly charts, DAX 40 is trading in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

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

The immediate support is at 12984 and the resistance level is at 14772.

DAX 40 is trading in a downward channel until there is a trend reversal.

DAX 40 Technical Analysis: Daily Chart

DAX 40 Technical Analysis

In the daily charts, DAX 40 is trading in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

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

The immediate support is at 13280 and the resistance level is at 13900.

DAX 40 is trading in a downward channel until there is a trend reversal.

How to trade DAX 40 this week:

DAX 40 is trading in a downward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 12902, TAKE PROFIT AT 11540, AND STOP-LOSS AT 13796

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