empty
 
 

2016.04.2803:28:00UTC+00Dax30 Faces Strong Support at 10200,break Below Targets 10000/9900

  • Major resistance-10500
     
  • Major support – 10200
     
  • The index has almost formed triple bottom around 10200 and is consolidating around that level. DAX is currently trading around 10212.
     
  • It has jumped till 10345 yesterday and started to decline once again in the morning. Short term trend is still weak as long as resistance 10500 holds.
     
  • Any violation below 10200 will drag the index down till 10000/9945/9820.
     
  • DAX is slightly weak and is trading well below ichimoku (Tenken-Sen and Kijun-Sen).The minor bullishness can be seen only above 10345 (Kijun-Sen).Any break above targets 10500/10680.

It is good to sell below 10200 with SL around 10350 for the TP of 10000/9825.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback