DAX 40 Index: Potential Uptrend in Focus
DAX 40 Index: WEEKLY SCENARIO
DAX 40 Index Technical Analysis: Weekly Chart
In the weekly charts, DAX 40 is trading in an up channel. DAX 40 is currently trading above all SMA except MA (5).
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 17000.00
Dax 40 will trade in an up channel until there is a trend reversal.
DAX 40 Index Technical Analysis: Daily Chart
In the daily charts, DAX 40 is trading in an up channel. DAX 40 is currently trading above all SMA.
RSI is in the neutral zone which indicates neutralness. MACD is currently below zero which indicates bearishness.
Its immediate support is 15800.00 the resistance level is at 17000.00
DAX 40 will trade in an up channel until there is a trend reversal.
How to Trade DAX 40 this Week:
DAX 40 will follow the uptrend until its trend reversal. So, remain bullish on DAX 40
TRADE SUGGESTION- BUY AT 16000.90, TAKE PROFIT AT 17000.00 AND STOP LOSS AT 15400.00