empty
 
 

2016.05.2403:42:00UTC+00Fxwirepro: Dax Faces Strong Resistance 10120, Good to Sell on Rallies

  • Major resistance- 10120 (200 day MA)
     
  • Major support -9750
     
  • DAX has made a high of 9974 and started to decline from that level. It is currently trading around 9815.
     
  • Short term trend is weak as long as resistance 10120 holds. Any short term bullishness can be seen only above 10120.
     
  • Any violation above 10120 will take the index till 10200/10500.The minor resistance is around 9915.
     
  • On the lower side 9750 is acting as major support and trading below that level will take the index till 9566/9440 (Apr 2016 low).

It is good to sell on rallies around 9900 with SL around 10000 for the TP of 9750/9660/9566

  • 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 $9000 more!
    In May we raffle $9000 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