#dax technical analysis

DAX Index Technical Analysis and forecast – June 07, 2018

Dax Intraday: bullish bias above 12820.00.

Pivot: 12820.00

Trend daily chart (=) Trend weekly chart (=) Our Preference and Forecast:

long @ 12890.00 with targets @ 12926.00 & 12980.00 in extension.

Alternative scenario:

below 12820.00 look for further downside with 12765.00 & 12715.00 as targets.

Comment:

the RSI advocates for further upside.

Supports and resistances:

13040.00

DAX Index Technical Analysis and forecast – June 06, 2018

Dax Intraday: bullish bias above 12715.00.

Pivot: 12715.00

Trend daily chart (=) Trend weekly chart (=) Our Preference and Forecast:

long positions above 12715.00 with targets at 12875.00 & 12953.00 in extension.

Alternative scenario:

below 12715.00 look for further downside with 12606.00 & 12540.00 as targets.

Comment:

the RSI advocates for further upside.

Supports and…

DAX Index Technical Analysis – June 06, 2018

Dax ST: consolidation in place.

Pivot: 12956.00

Trend daily chart (=) Trend weekly chart (=) Our Preference and Forecast:

short positions below 12956.00 with targets at 12589.00 & 12300.00 in extension.

Alternative scenario:

above 12956.00 look for further upside with 13090.00 & 13220.00 as targets.

Comment:

the RSI lacks momentum. The index price faces a challenging…

DAX Index Technical Analysis – May 31, 2018

Dax Intraday: technical rebound in a bearish trend.

Pivot: 12658.00

Trend daily chart (=) Trend weekly chart (=) Our Preference and Forecast:

long positions above 12658.00 with targets at 12810.00 & 12864.00 in extension.

Alternative scenario:

below 12658.00 look for further downside with 12607.00 & 12510.00 as targets.

Comment:

the RSI is above its neutrality area at 50%.

Supp…

DAX Index Technical Analysis – May 30, 2018

Dax Intraday: key resistance at 12800.00.

Pivot: 12800.00

Trend daily chart (=) Trend weekly chart (=) Our Preference and Forecast:

short positions below 12800.00 with targets at 12607.00 & 12510.00 in extension.

Alternative scenario:

above 12800.00 look for further upside with 12864.00 & 12970.00 as targets.

Comment:

the RSI shows downside momentum.

Supports and resistances:

DAX Index Technical Analysis – May 28, 2018

Dax Intraday: choppy.

Pivot: 13052.00

Trend daily chart (=) Trend weekly chart (=) Our Preference and Forecast:

short positions below 13052.00 with targets at 12937.00 & 12855.00 in extension.

Alternative scenario:

above 13052.00 look for further upside with 13096.00 & 13147.00 as targets.

Comment:

even though a continuation of the technical rebound cannot be ruled out, its…

DAX Index Technical Analysis and Daily Forecast – May 09, 2018

Dax Intraday: supported by a rising trend line.

Pivot: 12820.00

Trend daily chart (=) Trend weekly chart (=) TechnicalAnalysis.com Preference and Forecast:

long positions above 12820.00 with targets at 12960.00 & 12985.00 in extension.

Alternative scenario:

below 12820.00 look for further downside with 12760.00 & 12705.00 as targets.

Comment:

even though a continuation of the…

Dax ST: continuation of the rebound.

Pivot: 12810.00

Trend daily chart  (=)  Trend weekly chart  (=) DAX Preference and Forecast:

long positions above 12810.00 with targets at 13437.00 & 13525.60 in extension.

Alternative scenario:

below 12810.00 look for further downside with 12665.00 & 12600.00 as targets.

Comment: 

the RSI has just landed on its neutrality area at 50% and is…