Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

DAX30: Intraday Trade idea

  • Major resistance – 9735 (200 HMA)
     
  • Major intraday support -9530 (Hourly Kijun-Sen)
  • The index has jumped till 9642 yesterday and started to decline from that level. It is currently trading around 9575.
     
  • The intraday trend is weak as long as resistance 9760 holds. Any indicative break above 9760 will take the pair till 9835 (55 4H MA)/9895 (61.8% retracement of 10348 and 9161)/10027 (161.8% retracement of 6718 and 9214).
     
  • On the lower side , major intraday support is around 9530 (Hourly Kijun-Sen) and any break below targets 9425/9375/9270.

It is good to sell on rallies around 9620-30 with SL around 9760 for the TP of 9375/9270

  • Market Data
Close

Welcome to EconoTimes

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