Technical Analysis – DAX 30 index neutral in the medium-term

DAX30 11/07/18 | EconAlerts

DAX 30 (Germany 30) index eases, following the bounce off 12,645; neutral picture in the medium-term. The DAX 30 stock index has been plunging since yesterday after the significant pullback on the 12,645 resistance level. The sharp sell-off has driven the price below the mid-level of the Bollinger Band (20-day simple moving average), indicating further downside pressure. Looking at the daily timeframe, the RSI […]

Technical Analysis – DAX 30 loses momentum

DAX30 18/06/18 | EconAlerts

DAX 30 (German 30) stock index loses momentum after creating a double top. The Germany 30 stock index has plunged today after the significant bounce on the double top level near the 13200 level. The sharp sell-off has driven the price towards the 50- and 200-simple moving average (SMA) in the medium-term, which are expected to post a bullish crossover in the next few sessions if the […]

Technical Analysis – DAX 30 index

GER30 17/05/2018 | EconAlerts

DAX 30 (Germany 30) index maintains a bullish bias in near-term; the broader trend is neutral. The DAX 30 index is looking set to record an eighth straight week of gains, which have taken it above the 50-week SMA, following the rebound from the 11710 support. The sharp buying interest drove the price towards a new 16-week high of 13074.50, while the momentum indicators are supportive […]