Please share your opinion about My analysis for the German Index DAX. Thanks in advance
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Please share your opinion about My analysis for the German Index DAX. Thanks in advance
Dax (M0) intraday: downside risk dominates.
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https://indian-forex.com/customavatars/597904916gif
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* Pivot point: 9755.00
Our preference: short position below 9755.00 with targets at 9255.00 & 9090.00 in extension.
Alternative scenario: in excess of 9755.00, aim for a further increase with 9920.00 & 10050.00 in sight.
Comment: the RSI is around its 50% neutral zone.
Dax (M0) intraday: key resistance at 9755.00.
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https://indian-forex.com/customavatars/284235267gif
* Pivot point: 9755.00
Our preference: short position below 9755.00 with targets at 9255.00 & 9090.00 in extension.
Alternative scenario: in excess of 9755.00, aim for a further increase with 9920.00 & 10050.00 in sight.
Comment: as long as 9755.00 is not exceeded the risk of a depression of 9255.00 is important.
Dax (M0) intraday: aim for 10640.00.
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https://indian-forex.com/customavatars/826769931gif
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* Pivot point: 10215.00
Our preference: long position above 10215.00 with targets at 10480.00 & 10640.00 in extension.
Alternative scenario: at the breakout of 10215.00, a continuation of the decline will be possible with 10090.00 & 9910.00 in sight.
Comment: the RSI is bullish and militates for a continuation of the progression.