Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: DAX recovers after making a low of 9350, good to buy at dips

  • Major support - 9250 (Jan 20th low)
     
  • The index has recovered till 9622 at the time of writing after making a low of 7350. It is currently trading at trend is slightly bullish as long as support 9250 holds.
     
  • On the higher side minor resistance around 9650 and break above will take the index to next level around 9730/9800/ major resistance is around 9830.
     
  • On the lower side minor support is around 9450 and break below targets 9350/9300.
     
  • Stoch RSI- Buy 

 It is good to buy at dips around 9500 with SL around 9350 for the TP of 9730/9820

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.