DAX is trading lower after nearly 2-1/2-month continuous uptrend. The index has recovered more than 14% from low of 10306. The jump was mainly due to positive Brexit news and easing trade tensions between US and China has increased demand for riskier assets. Brexit uncertainty is major factor which is affecting European markets. According to The Telegraph’s Brussels correspondent EU-27 will reject Jun 30 extension date which has requested by May to get her deal agreed by MPs. The index has formed temporary top around 11826 and is currently trading around 11555.
The index is trading slightly below 200- H MA and 300- H EMA (11595 and 11580) and this confirms minor weakness and a dip till 11400 is possible.
The near term resistance is around 11680 and any violation above will take the index to next level till 11725/11826. Bullish continuation only above 11835.
It is good to sell on rallies around 11590-600 with SL around 11654 for the TP of 11410.


FxWirePro: GBP/USD rises as soft US data pressures dollar
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: GBP/AUD drifts lower after BOE rate decision
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Crypto levels and bias summary
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: GBP/AUD bears maintain upper hand
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision 



