Thursday, October 15, 2026

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FxWirePro: DAX faces strong resistance 10120, good to sell on rallies

Major resistance- 10120 (200 day MA) Major support -9750 DAX has made a high of 9974 and started to decline from that level. It is currently trading around 9815. Short term trend is weak as long as resistance 10120 holds…

By FxWire Pro
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FxWirePro: DAX faces strong resistance 10120, good to sell on rallies
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  • Major resistance- 10120 (200 day MA)
     
  • Major support -9750
     
  • DAX has made a high of 9974 and started to decline from that level. It is currently trading around 9815.
     
  • Short term trend is weak as long as resistance 10120 holds. Any short term bullishness can be seen only above 10120.
     
  • Any violation above 10120 will take the index till 10200/10500.The minor resistance is around 9915.
     
  • On the lower side 9750 is acting as major support and trading below that level will take the index till 9566/9440 (Apr 2016 low).

It is good to sell on rallies around 9900 with SL around 10000 for the TP of 9750/9660/9566

 

 

 

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