Contributors Technical Analysis DAX Supported By A Rising Trend Line

DAX Supported By A Rising Trend Line

Pivot (invalidation): 11625.00

Our preference Long positions above 11625.00 with targets at 11725.00 & 11790.00 in extension.

Alternative scenario Below 11625.00 look for further downside with 11570.00 & 11540.00 as targets.

Comment A support base at 11625.00 has formed and has allowed for a temporary stabilisation.

Previous articleEURUSD Trendline Resistance Holding
Next articleS&P 500 Supported By A Rising Trend Line
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version