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DAX 30 is still depressed by forming lower highs

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 19, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
    Likes Received:
    DAX-MAR16 Daily19-01-2016 07-28-44 ص.jpg
    DAX30-MAR16 has formed another lower high at 10164 last Thursday below its Daily SMA50, after having lower high below its Daily SMA200 at 10881.25 following forming a top at 11432.25 on last Nov. 30.

    DAX-Mar16 daily RSI is referring now to existence barely in the neutral area hovering above its oversold area below 30 reading 33.001 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having also its main line barely in the neutral area above the oversold area below 20 reading now 22.196 and also its signal line could come out from the oversold reading now 29.173.

    Important levels: Daily SMA50 @ 10629.63, Daily SMA100 @ 10389.56 and Daily SMA200 @ 10900.07


    S1: 9299.75
    S2: 9229
    S3: 9126
    R1: 10164
    R2: 10881.75
    R3: 11432.25

    Have a good day

    Walid Salah El din
    Senior Market Analyst
    Skype : chief.economist.walid

    Tel: UK. +44 1138590277
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    prav likes this.

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