Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: DAX30 struggles to break above 10830, good to sell on rallies

Major resistance- 10830 (Oct 25th 2016 high) Major support – 10550 (50- day MA) DAX30 has once again retreated after jumping till 10717 on Friday. It is currently trading around 10601. Short term trend is slightly bearis…

By FxWirePro Team
1 min read
FxWirePro: DAX30 struggles to break above 10830, good to sell on rallies
Image from the original EconoTimes article

Read the original article

  • Major resistance- 10830 (Oct 25th 2016 high)
     
  • Major support – 10550 (50- day MA)
     
  • DAX30 has once again retreated after jumping till 10717 on Friday. It is currently trading around 10601.
     
  • Short term trend is slightly bearish as long as resistance 10830 holds.
     
  • Any violation below 10570 (50- day MA) will drag the index down till 10480 (100- day MA)/10180 (200- day MA)/9910 in the short term.
     
  • On the higher side, any break above 10830 will take the index to next level 11000/11327 (161.8% retracement of 10830 and 10025).

    It is good to sell on rallies around 10720 with SL around 10850 for the TP of 10560/10430

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team